Hello BP friends, I've meet amazing people here and I've gained real world experience implementing what people talk about in these forums.

If guy with million dollar house only gains $5000 in equity in first year but house value goes up $30k, that can help even the field with a smaller house that is being paid down faster, right?

Will she have to pay a capital gains tax on her property if she sells before passing away(Mom is 89)?

With the experiences we gain, we want to be able to protect ourself against contractors that might be willing to take advantage of younger investors who do not have any experience in remolding/construction in the future.

It gets even better because it's likely you didn't pay any tax on the $10,000 because of the depreciation offset and if you reinvest the principal and/or proceeds you can avoid paying take on the $25,000 gain as well. 

You won't pay tax on 250K (single) or 500K (married) of the gain. 

As you gain experience the fear will subside.

My two cents, and more importantly to save you time, energy, and capital; I would potentially consider looking into other side hustles to gain additional income.

Investment Info:

Other other investment.

Purchase price: $50,000

Cash invested: $700

Sale price: $99,685

Vacant lot that we flipped for a profit after the first year of ownership.

How...

You may be gaining muscles now, so while your body is getting stronger and healthier, your weight does not go down.