I mean I know I can connect with people to help gain knowledge but just don’t want that to hurt the overall guest experience! 

Because of home prices here, our goal is less cash flow related, but really looking to gain on the appreciation as a long-term retirement strategy for us.

I will certainly gain more knowledge and mentorship before proceeding! 

Any recommendations on books to read to gain knowledge on the structure of buildings, building codes, history of buildings & how they were built, etc.Ultimately, I would like to gain a better understanding of these topics & concepts to know what to look out for when purchasing older - newer homes. 

Any recommendations on books to read to gain knowledge on the structure of buildings, building codes, history of buildings & how they were built, etc.Ultimately, I would like to gain a better understanding of these topics & concepts to know what to look out for when purchasing older - newer homes.

Any depreciation and gains are taxable on sale.

The seller was in need to sell ASAP so he could move on with his life after his mother's deathI wanted to invest to gain some experience and move towards my goalsThe tenant was desperate to find a place for his family of 5 after being kicked out of his previous house by the heir of the property after the landlord's death.Both the seller and my tenant became my friends.

The seller was in need to sell ASAP so he could move on with his life after his mother's deathI wanted to invest to gain some experience and move towards my goalsThe tenant was desperate to find a place for his family of 5 after being kicked out of his previous house by the heir of the property after the landlord's death.Both the seller and my tenant became my friends.

I just purchased my first property and plan to BRRR it so it will have 20k or so worth of rehab (I plan to recoup that on the refi obviously) but how much can I really expect to gain tax wise with this property in the first year?

If you want to defer capital gain, then you would not be able to use the proceeds and roll into another property via a 1031 exchange.