Your net gain is your net sale, minus your adjust cost basis.

with some training on how to lend.. hopefully a step up from not knowing what they dont know about lending. 

A post on recapture.People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!

Rentrange costs the manager to run each report, so as long as you do not abuse it or send the PM 30 properties I would help you.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Enrique Toledo  Any update on this potential deal and what you wound up doing?

Note that legal and transfer costs are not deductible but can be added to your cost basis.

That's up to your goals and long term strategy.

I am trusting you have it set up with a service. 

Turbotax isn't going to educate you so unless you'd like to educate yourself and potentially make some costly pitfalls, then I'd outsource.