Issues are, I am having negative cash flow and the property doesn't gain any equity yet.

Hi All, I'm trying to wrap my head around planning for capital gains and depreciation recapture if I start to sell some appreciated property within the next few years.

Do you have any stocks or other investments that have negative returns that you could sell to offset the gain from your home sale?

In both scenarios, your only gain is a percentage of the ARV.

You will gain a lot of experience and knowledge from a house hack with tenants so on your second property you will not make as many mistakes. 

I am currently reading some real estate book and gaining knowledge, however, I my lease will expire in a few months and this is just as a good time as any to first get out of being a renter. 

Is the income taxed on capital gains or on what?

(Disclosure: I have no financial gain/ties to Brian Burke other than to say that his teachings are fantastic!)

We had to take down a tree 2 weeks ago-a very large oak that split in half from its own weight.

@Kayla Carson, I'm guessing that house has appreciated quite a bit since you bought due to the pandemic, and if it's your personal residence, you'll be able to take those gains tax free up to $250k, so I wouldn't say it's too bad if that's the case