If X later sold these shares for $25.00, they would subtract the original cost basis ($10.00) from the new sales price ($25.00) to establish the taxable capital gain ($15.00) on the stock sale.

You are highly respected on this forum and your reply is very much appreciated.

My goals are to provide financial freedom for my future family and establish a sustainable safety net if physical limitations prevent me from retiring from my current W-2s.

Each step my cash took along the path of my plan was established based on how (strategy used), where (market invested in), and when (cash needed to move onto the next deal (the plan).Each step required a specific amount of added cash exiting the deal as required by the next step, so I did deals that may have a cash profit that someone else wouldn't have done because they were looking at a disconnected result. 

Overall, this deal has allowed us to establish a solid foundation Lessons learned?

Older homes are typically in more established neighborhoods.

This really caught me off guard and I personally felt as if this was a bad way to establish a relationship with a new client.

I've personally lived in Kingsport and have years of residential construction experience and have several contacts in that area that operate At the top of their respected trades.

I am keen on establishing connections with fellow professionals such as entrepreneurs, builders, real estate agents, and architects operating in this domain.

, and earn the respect of older, more successful people.