He makes 325 on sale and adds his 50 k now he can go into a 2 million dollar property. 

I am wondering if he thought that the house sale did not obligate him to the lease and thought he could renegotiate it. 

Typically, appraisals which don’t involve a sale/purchase price will be more conservative.When the Identical house to yours actually sells, then you could try again.

@William Henze In 2011-2013, I purchased about 2 dozen lower end condos at the the trustee sales.

@Michael Joseph Allen II I can definitely show you helpful tips on how to generate leads/sales.

I expect there are some in the "for sale - join my investing course for $2000 to $50000" packages, but I would think there has to be something out there to get started with that doesn't require 3000 hours of reading to piece-meal from 3000 topics.At any rate, more importantly than that, for all of you heavy hitters and longtime investors that have seen it all before, what would you tell yourself to watch out for, if you could go back and tell yourself when you were just getting started to be watchful for?

In other words you also have to have owned the new property at least 5 years before being eligible for the sale and primary residence exemption.

@Nadine Delille Real Estate is only easy when you master a particular strategy to purchase and hold or purchase to sale.

My plan is to take the money from the sale of my Oakland house and reinvest it into multiple properties to start off my investing career--I'm just not sure where and if I should go SFH or multifamily. 

I'm open to flips, buy & hold, Foreclosure/REO/Short sale pretty much anything outside of section 8 if the numbers are right.