As the saying goes, "if you think hiring a professional is expensive wait until you hire an amateur".

You'll find differing opinions even among the experts, but the expert opinions are typically backed by experience and data whereas the amateurs are spouting whatever they hear from others and happen to believe.Get the opinion of people with actual experience, then do your own research to verify what they've told you.

My initial thought (not being a tax professional (barely a tax amateur at this point)) is that it would depend on how long they've owned the asset and how much they depreciated.

Ah, I'm honestly not sure, I know this is a real amateur question, but is that something I would have a copy of?

If you read the OP and then the ridiculous statement that he hasn't started building a buyer's list because he wanted to get a property, it's amateur.

So maybe don't knock the book as being amateur just because you knew it all.

Hello Guys,I have been doing some research into real estate, as to what type of business that fits my interest and financial situation best.  I chose whole sailing, however I have no clue on how to do price comparison...

I apologize for the amateur post/questions and greatly appreciate your time!

Poof, done, game over.If you come up with that ^@)}▀╝kδà▀ yellow letter, or amateur yellow post card and your competitor does the same and they have a powerful credible website to back them up when the seller does research on you, And they WILL do research on you... with a video, with 1000 and 1 raving testimonials, with before and after pictures of the houses they have flipped... and you are nowhere to be found.. you REALLLLLY think ANYONE will pick you?! 

Where/how would you recommend  getting ideas for making such an investment for an amateur?