Just hoping to find some way to avoid losing so much of the gain to taxes!

So far so good.My wife and I figure as long as we’re not losing money, we’ll be fine and can just see this as the opportunity to learn as much as possible on our first one.Thanks again!

My goal with this new venture is to build a portfolio of multi family long term rentals. 

Still, it doesn't mean that all homebuyers in this market are losing out.

(Not counting the missed rent, so really you still lose by selling.)It’s not for everyone or everyone would be doing it. 

But, this is also a good opportunity to lose money due to hold ups, loss of time (i.e. holding costs / money). 

How much time and money are you losing by being afraid to guild your team in the right direction. 

Insurance increases are the only reason I lose about $400 a year now.   

Then you learn the ropes first-hand and can later say your attribution as part of the overall venture was whatever it was. 

What you don't want is to be one of the people that got swept up in the growing trend of real estate investing and overpays for their first property and then loses interest in real estate while still having to pay back the loan.