I know its best to specialize but how important is what you choose to specialize in? 

If you buy a large property (say 100 acres) for $100K, and sell a few small parcels from it totaling 20 acres for $60K overall, do you have to pay any taxes on the sale or would that still be considered non taxable since you haven’t realized a gain over the initial $100K purchase price (even though you still maintain possession of a majority of the land purchased)?

The right designationDifferent real estate agents specialize in different transactions.

your tenants will need renters insurance to cover their possessions while living in your home.  

Hi BiggerPockets landlords,Not sure if this is the right place to post, but I'm a 26 y/o Fortune 500 software developer who is moving to Austin, TX.I have:- a senior engineering position at my company that I've held for the last few years- a 6 figure income- excellent credit- excellent references- no petsMy one problem is that 6 years ago, when I was a teenager in college, I was charged with possession of Xanax without a prescription.

Painting, cleaning up, etc - stuff that takes a lot of time but doesn't require specialized skills, and even if done poorly would not cause serious damage.

He is a military veteran, specializes in REI, and can operate in all states.

Or you can hire a local lawyer who specializes in landlord tenant law to assist you. 

They have a library of info on different subjects, specialized info on specific items like structuring entities, trusts, asset protection, tax, etc.

Call a lender that specializes in Non-QM loans, they will have these programs.