This has the potential to be passed later this year.For additional questions, checkout this article on Cost Segregation FAQs.Have you had a cost segregation study performed on your condo?

Is it a single member LLC, if so everything is pass thru but talk to your CPA

Within those cities, I am targeting assets in central business districts (CBDs) and popular entertainment areas where large amounts of people congregate daily. 

Maybe I'm too hopeful but I don't want to pass it up if there's a way to make it work for me. 

And it often is not on the top of lists for parents to pass on to their kids anymore.

We long ago passed the point where we can even just pay interest on the debt if it ever got to 80s interest levels of 15% on government debt and 20% on mortgages.

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

The wholesaler is only a wholesaler when he literally has no time take on other projects so he passes them on to me.

transactional same day is usually pretty cheap about 1% or maybe less but they want their money back that day or next day.. these will now have to be 30 to 60 days loans and there are not a whole lot of folks that will entertain those.. suffice it to say the wholesaler or assignor  Like the one that got cancelled on me today. 

If you cannot surmise they are legit I would pass...