The other option is selling it now and making just 10k after paying realtors and closing costs for buyer etc..If I sell in three years to avoid paying capital gains, I am calculating the mortgage principal will go down $2500 per year and the property values will go up by at least $5k.

Single families are much more valuable in this market.

I know I will have appreciation and the tenant will paydown the note, just seems like a long time before I will realize any gains from the high-end house deal.

You have to believe that you're providing valuable service to these sellers.

@Justin Polston thanks and you are right, the experience of growing up in the construction field has been very valuable to me.

Would greatly appreciate any suggestions with meetups, REI groups, mentors or any books or other educational sources i can gain some knowledge and experience from.

The Sky's the Limit - Passion and Property in Manhattan - Steven Gaines

@Stormy Hollingsworth Hi Stormy,I will short and sweet lolAsk questions of people who are where you want to be and who have achieved what you want to achieve.I am sure you will gain much from the answers provided.Thanks and have a great day.

On these pages and the the podcasts you can gain an excellent "free" education.

Well that lasted about three months but what I did gain from that is that I was viewing properties that we're being flipped in preparing my bpo'sI soon went to a seminar by Armondo and would not pay the $40,000 for his seminar in Vegas, but I did learn a bit more about this great business.