But there are other circumstances that may be appropriate as well.Prior to 2008 there were literally thousands of folks 1031ing rentals into nice vacation rentals and then after a year or so they would move into them and sell two years later taking the profit tax free by virtue of the conversion into sec 121 property.  

Hi my name is jeremySo recently ive stumbled across bigger pockets and am trying to learn how to get started in the real estate investing world Its always been a passion and dream to do this even as a kid but i didnt think it was possible without large amounts of capital i see now that there are other ways tho i am not fully aware and understanding themSo let me start with an introduction hi im jeremy, im a plumbers apprentice and actively saving , currently i live at home after moving back when the whole rent and live with roommates thing didnt work and i felt like i was not getting anywhere paying rent vs paying payments on a loan , ive got a few thousand right now and am in a odd spot as i dont know if i should stop putting money away for a loan payment and buy a car ( i lost mine due to black ice and insurance didnt cover) i dont necessarily need it to work but i think it will be needed to look at potential properties when im getting ready to pull that triggerAnyways my plan when i first started my job was to just get fully licensed in plumbing and once i have it i would be knowledgeable enough to do most if not all plumbing repairs in any property thinking it would be saving me thousands of dollars when/if i needed to do any type of repair to the unit or its water/heating systems vs paying for it, granted as i get more and more property ill doubt ill still be interested in doing it but i figured its a good stable job to start with and i could always fall back on if needed.

If you are planning on going to college, save up 9 more thousand buy a property using an FHA loan and rent out 2 to 3 rooms to your buddies!

Also I rent in the area and rental prices have skyrocketed literally overnight.

It depends, the bank I just did a BRRR literally did not need seasoning. the bank that is lending on this multifamily needs one year.

A thousand thank you's for all the welcomes and snippets of advice.

abcgiftcards.com. have bought thousands of dollars worth of cards from them for various retailers and have never had an issue.

@Jeff Sprunger The guy is literally asked for help in Real estate investing in an RE forum and you're telling him to turn away from it when he has better qualifications than most on here to get started.

I only had 2 days to provide proof of funds, as there was another offer on the table for a few thousand less.

I am literally 2 weeks into the learning process.