Is there really no capital gains tax on the sale of real estate in Washington state??

Those capital expenditures are SIGNIFICANT at this scale.  

I am guessing everyone on your list has had capital calls, but not 100% sure about that.   

I would probably sell and invest my capital elsewhere.

Kevin, I can help steer you into the right path if you can share your credit score and your capital situation.Hard to advise someone without knowing what tools they have to start with, and sometimes getting ready for deal 1 is what is needed to work on.Welcome!

Not only do you have an instant network to invest in any market, you have a huge network to raise capital and collaborate on deals. 

You don't need much capital and you kill two birds with one stone -first investment +roof over your head.

Calculate Capital Gains:• Selling Price: $290,000• Basis: $166,667• Capital Gain = Selling Price - Basis = $290,000 - $166,667 = $123,333Depreciation Recapture• Since no depreciation has ever been taken by any owner, there will be no depreciation recapture to consider in this case.Final Capital Gains Tax Calculation• The total capital gains that Person C will be liable for upon selling the property will be $123,333.Summary• Capital Gains for Person C: $123,333• Depreciation Recapture: $0 (since no depreciation was taken)My QuestionsIs the above estimated capital gains tax correct?

Now, your capital risk is on the lease, not purchase. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.