Obviously we are very grateful for his parents trust in us and the gift they’ve given us two lowly musicians to start our new investing careers :-)Once the home is sold, we will be moving to Minnesota where Ryan’s family is from and are looking to do flips and acquire some rentals.So...other than capital gains taxes, are there any others issues we should be aware of?

I figure it'd be a great way to learn more about the industry and also close some deals on the side for extra income to invest (my career is sales, so I figure the skills would transfer well).

I would say that our main goal is to have the financial freedom to be able to keep working in our artist careers without to do any of the other hundred jobs we must do currently to pay bills.  

Maybe I'll be able to get in on something like that at some point in my real estate career

Sorry if this maybe isn't the best forum for this, but I felt like it probably is, so here goes. I'm self employed in a niche field, Electronic Systems Integration... (think smart homes, home theater, networks, smart ...

I was at the last one and it absolutely jump started my entire career!!

I have been to a real estate agent career seminar and learned a bit more about that job as well. 

Congrats on taking the first step in your investing career.

I've been in the QI business for in some capacity for most of my professional career.

I set a goal with about a 5 year timeframe when I read the book (about 2 years into my RE investing career.)