Really hope this helps,Larry Foster

@Dave Foster thank you more angles I love this 

@Dave Foster I hadn't even thought about tax implications - it is now on my list of things to research (I am always looking for ways to reduce our tax burden).  

George Foster thanks for the info.

And while the HARB and the U&O are operated terribly, they are fundamentally good ideas, and N-town has replaced most of its top administrative people in the last few years in order to foster growth and escape that reputation. 

@Dave Foster thanks for the reply, that helps clarify things!

Great to have another San Mateo/Foster City member on BP.

I look forward to absorbing as much as I can from people more successful than myself and fostering mutually beneficial relationships through the Bigger Pockets community.

WE and I include WE as Me we all have business's we are trying to foster and move forward.. 

Originally posted by @Dave Foster:@Ouman You, Anywhere from $0 - $850K  depending on all kinds of significant factors both past present and future.Whether or not it's their primary residence makes a $330K swing in recognized gain between depreciation and the primary residence exemptionIf it was their primary residence they could convert to rental and then 1031 while still taking the $250K in primary exemption.If not their primary then depreciation is a factor on one end and the nature and timing of the sale a factor on the other end.  1031, installment sale, late year sale with 1031 and a shift in recognition till following year...Costs of the sale could easily impact gain by another $300K.And of course any improvements at all other than the $200K???