Focusing on a few items provides clarity and brings a sense of purposes. 

Hope that brings some clarity.

Please let me know if I answered your questions or id you need more clarity! 

Hopefully someone can provide clarity as seems like great deals on properties.

Having to articulate some of these thoughts here and in private dm's has helped me get some clarity.

If you're NOT in a rush and don't NEED to buy/sell, just wait.A month or 2 from now could give us some clarity on where things are in the market but who knows??

READING THESE INVESTING IN RENTAL PROPERTY BOOKS AND BOOKS ABOUT HOUSE HACKING THE ONES I HAVE READ DO NOT ADDRESS THIS ISSUE WITH FULL DISCLOSURE AND CLARITY. 

Perhaps my lack of clarity on the issue comes only from the accountant and attorney around me talking about selling mobile homes (which we do rarely and not for much direct profit).

So I press them to explain what my original payment included vs what was provided and clarity on his hourly rate. 

Let me illustrate below for clarity.Original Purchase Price - $73,000Adjusted Cost Basis after several years of depreciation - $55,000Sale price - $100,000Federal LevelAt the federal level this individual would be responsible for depreciation recapture from $55,000 up the purchase price of $73,000 at (25% federal level) and then Long Term Capital Gains tax from $73,000 up to the sales price of $100,000.State LevelBusiness Profits Tax from $55,000 up to the sales price of $100,000 @ 8.5%.Can anyone provide any clarity on this state specific tax situation?