Unless you find an attorney that exclusively practices in this area, they won't have that level of knowledge.  

I'm a veteran also and co-host a small monthly networking meetup exclusively for veterans. 

He hustles off market listings and brings it right to me and then I get an exclusive property to show. 

To "soften" or reach a compromised we agreed to ONLY have $30K of the $60K in funds be considered "OPTION CONSIDERATION" funds (giving us the EXCLUSIVE RIGHT to buy the property at the $300K Purchase price) and the OTHER $30K of funds would be STILL be given to them but we informed them that it likely will be consider TAXABLE INCOME to them.

This was almost exclusively done from my desktop, although I went to site a few times, I could have probably gotten away with never having went.My biggest regret with this project …..

Hi Justin, Since it looks like this property, as mentioned above, is exclusively an investment, what did you have in mind from a business plan standpoint?

(adjust cost basis - net sale = net gain)Once you have that you can deduct state and federal taxes from that figure.It doesn't sound like it in this scenario, but if you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion.

The full exclusion only applies if you OO, move out and do not move back.

Since you've lived in the apartment since 2007, you likely won’t be hit with any capital gains taxes as long as your profit is under the IRS exclusion limit ($250k for single filers or $500k for married couples).

Here, investors seek mansions on large, exclusive properties with direct access to private beaches.