Right now, the average two-family sale in Stamford is $818K—and that’s not even for a newly finished one.Good luck if this opportunity is still around.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

I have 6 houses and consider myself a novice.  I was thinking of selling 1 house and taking some profits, but I have become aware of the following federal taxes
1. Depreciation Recapture= 25% tax
2. Long term capita...

You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase)  PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.

My question is how do I avoid triggering the due on sale clause in the mortgage when the seller transfers the deed to my name?

I've been doing some studying on short sales but still working to understand it better.

Everything you need to learn/know is available online for free.

As part of the sale they take $500K in cash boot. 

I teach CE/CPE for several tax organizations at conferences and online so I talk to A LOT of tax professionals.

The auctions, although online now, are live foreclosure auctions, i.e. the auction style sale which is the culmination of the foreclosure process.