Take your sales price, minus selling costs, minus any capex, minus purchase price and that’s your taxable gain.

I am currently a junior business marketing major with a concentration in professional sales at Samford University.

I found this deal listed for sale on LoopNet.

Sales Tax Breaks: Construction materials and services may be subject to lower tribal sales taxes—or exempt altogether.4.

I listed 2 properties for sale from my portfolio.

of course the sale of hurricane damaged houses also confuses the issue (my house had no such damage but is only about 4 blocks from houses that did). 

Is there any creative way to avoid/reduce capital gains tax on the sale ?

;(- if as-is value is less then the balance on the mortgage + arears OOOPS you need to have the owner work with the bank, you as the investor buyer AND a short sales expert often an agent work the tedious and usually failing short sale process. 

@JR Gonzalez, You can allocate the proceeds from your sale anyway you want. 

I am aware of Crexi, Bizbuysell, and Loopnet and reach out when I see something for sale on those sites.