Capital Gains are assessed on gains, so you'll not be taxed on the costs of improvements or costs of sale, as that would not be a gain.You may still be able to exchange this property, but you'll gain the needed clarity by speaking with an exchange company.

The bastards would even steal my pots and pans when they left lol.For more clarity, I move around a lot for work.

I now have more clarity and understanding. 

@Scott HetheringtonDidn't mean to misrepresent your services, was just borrowing from a previous post of yours that stated "turnkey operators" are one of your sources of property:http://www.biggerpockets.com/forums/92/topics/1415...And then this article that describes HomeUnion as "turnkey":http://uexpress.com/housing-scene/2014/10/24/turnk...There is also this HomeUnion press release that describes HomeUnion's services as "turnkey":https://www.homeunion.com/blog/homeunion-launches-...I guess maybe you're using the term in a different sense, but given the threads I have discovered here I am probably not the only one that could use more clarity if I'm not supposed to associate HomeUnion with "turnkey operators."

He might ask you if you can wait a couple weeks or so until he has some clarity on how things will turn out for his family.

With all that being said, confusion has set in and I am looking for clarity on: 1) how to go about a "cash" offer as an investor?

Last night I was talking with a friend about how to work with partners, clients, contractors, friends, etc.The best way to get what you want in life, business, and real estate is to ask yourself:"How can I solve a problem for the other party in an ethical, sustainable, and profitable way"If you can answer this question with extreme clarity you'll find that doors open to you, partners appear, and negotiations become about details rather than about the project itselfIf you can't you'll find that you do a lot of "one-time" transactions, burn a lot of bridges, and encounter resistance left and right! 

To get clarity on what mentor you might be looking for you need clarity on what kind of asset class you might be interested in long term; To get clarity there, you need an understanding of the pros and cons of various asset classes; To understand that you need to understand the variables that go into analyzing properties, and so on. 

You gotta be careful with the licensing as it's a changing environment all the time and there's not necessarily clarity in some instances what kind if any licenses are needed.

Thanks for your clarity about contractors ONLY needing GL if they are not subbing anyone out!