The lowest long term capital gain rate is 0% and 15% for moderate income earners.

What we ideally would like to do would be to make this property into our primary residence for a couple of years and then sell the property, of course to avoid the capital gains tax.  

Between a couple of large notes purchased at huge discounts, with one now performing and the other paid off for a 60% gain ( with a 4 month hold time) and another big gain on a foreclosed property, we had our best year since we began our current fund (2013).

It is a great way to gain more pro's for your inner circle. 

I know about short term capital gains taxes, but also know about the self employment tax.

If there is constant growth in the Bay Area and in the alternative market (say, both markets grow by 10%/year), then you will be losing out by waiting longer to buy in the Bay Area rather than gaining an advantage.If you have the means, I would recommend that you bite the bullet and buy where you want to live. 

Sell now while the gain is tax free and move on. 

BRRRR means that the profit is there both to be had in equity gain in the renovation, and also on the rent side. 

I’m excited to learn, gain experience, and build meaningful relationships with all people within the aspects of real estate in my area.

He told me if I can get my FL license and gain access to the MLS, he'd bring me on as his agent and I could make more from his transactions than from my W2 job in 2022.