So I was thinking that over the summer (I will be 15 then) that I would be able to get an internship anywhere so that I could learn about real estate in any way possible, I can do whatever anybody wants me to do as long as I can gain knowledge about the real estate world.

I like your thinking, and thanks for sharing some of your insight...The numbers on sqft per unit seem a little off.

Of course she will get all the latest WOW factors plus a few Joanna Gaines goodies like exposed lapboard, sliding barn doors and some a gourmet kitchen!

Thanks for any insight. 

Thanks for any insight and any financial institutions you might know of that offer more flexible terms.

The major disadvantage may be gaining financing.

At 8% that takes $112 per month off your cash flow for a negative $2 in cash flow.Captured EquityIf the house is really worth $190K and you can buy it for $165K with a $40K down payment, then you have a 62% equity gain from the start.Given the above scenarios, this doesn't look like a cash flow play.  

Hey Everyone,This is my second post on BP and I'm hoping to gain some insight.My wife and I have successfully completed 2 live in flips and are sitting in a great position equity wise. 

Utah, Idaho, Colorado, and Nevada).One way I hope to give back is to provide insights and perspective to outside interested parties on my local market the Quad Cities (Davenport IA, Bettendorf IA, Rock Island IL, and Moline IL).Thanks all!

What are the specifics on this to avoid capital gains tax in this situation?