Quote from @Jamie Parker:I got a photo with Tom Cummings, Prolly the only real value I gained with 7-8k invested in education that year.

So if you had 3 rentals with losses and 2 rentals with gains, the losses from the 3 rentals would offset the other 2 rentals and the rest of the loss would be carried forward to offset other passive activity losses in future years if applicable.

CA in particular would extract a nasty tax on the gain side.  

If someone were to buy their shares, they would gain ownership of 2/3 of the business.

It is a good group of like minded investors and I think the value you would gain there would be very beneficial as you get started. 

The BP forum is free and some contributors have nothing to gain and want to see others thrive.

This approach allows you to present professionally and gain valuable insight into the process, which you can then replicate in-house for your next property.

I myself attended local meetups when I was starting and gained insights about their experience on local market

Well, if the FMV of the house is at or near $300k based on reasonable comps, and there's no legitimate benefit to the client's offer (i.e. all cash, fast closing, no contingency, whatever), I'd probably quit working with them because there's really little to gain working with cheapskates and bums who just want to steal other people's property.

My first thought was sell to lock in your tax free cap gain.