Also was thinking about homeowner protection from bad tenant, are the laws more favorable for tenants in ca compared to tx etc any input would help.thanks 

The trailers in the Mobile Home Park (MHP) will likely be treated as personal property and can be depreciated over a shorter schedule, typically 5 or 7 years, rather than the standard 27.5-year depreciation used for residential real estate.

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.

If it’s as bad as you say you will still win easily.

A lot of bad advice and bad decisions being made by investors hat will lead to tremendous opportunity.

If you ignore that the fentanyl comes in as a result of the open borders policy, ruins nighborhoods, depresses home values, and kills people, I guess it ain't so bad.

But it wasn't as bad.  

I started with a tri plex, met Jake and then started buying larger deals.The key is to treat real estate as a business.

There is so much BAD information online about LLC's and real estate investments its disgusting. 

Buyers and seller love to sue each other and if you’re in the middle of that with no license and no insurance, that’s bad.