I am brand new to real estate, I've been to a seminar and learned some basics.

I have a 302 unit facility that I built brand-new around ten years ago. 

I was in this home as a kid and recall it being 4 BR  and 1 BA.

Hi guys,I'm brand new to this.

The $250,000 in tax-free gain is very tempting, and can get you a brand new start in Florida (with brand new cost basis to depreciate all over again). 

Instead, you have to look back all the way to day one of the investment and do a fresh analysis of the total cash flow that came in (including from the sale) and add up all of the distributions that have been made to the investors and sponsor.Next, you will allocate 100% of the cash until the investors have received their investment back, then 100% of the cash until they have been fully paid on the pref, and from the sum of those two numbers you will subtract their total distributions that were made to date.  

New roof (2014) with an additional 2400 square feet of development rights, and a 48 foot deep rear yard, there is plenty of room to enlarge this house and customize it to fit your tastes and needs Current Configuration: 1st Floor and 2nd Floor: Duplex containing 3-4 bedrooms, 2 baths, kitchen and backyard with brand new fence. 3rd Floor: 1 bedroom, 1 bath, living room, kitchen. 4th Floor: 2 bedrooms, 1 bath, kitchen.

I am brand new to real estate investing, just looking to diversified my investments and get the first property going to learn the game. 

It goes a little something like this: "I am giving you a freshly painted, freshly clean and functional house.  

Like yourself, I'm brand new to the site as well.