When these scripted, fake, programs don't tell the true story of how the projects go, everyone and their brother want to jump in and make some of the millions, getting their piece of the glory that is television life. 

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

Would they take a piece of bare land and appraise it had a $100 million hotel built on it because that would be the highest and best use of the property?

Seems worth it though, so I'm not running around trying to piece things together an build my own empire of employee and agents, etc.

If the landlord was aware of his past, yet rented to him anyway - any lawyer worth their salt would make a nexus between those two pieces of information and create a liability claim.In addition to the extreme negative press you would get, it also takes time, money and energy to defend a lawsuit you will eventually win.

@Jacob Sherman We have a partner that is going to sign on off the loan docs in exchange for a piece of the fees or a piece of the GP ups, still negotiating.

They need a wide berth.But, the good part is that we have a blank slate to work with.

So back to the drawing board....and yes, the financial piece has to make sense... 

Hello everyone, I inherited a piece of property in Berkeley CA from my grandmother a few years back.

You are basically building a new home on a piece of land.