your adjusted cost basis will allocate gain attributed to depreciation.However, You will never recapture depreciation as long as you do not sell the property. 

@Jamie Wooley - This is a good question that has been posed quite often with various pros and cons and I am sure there will be more as we get closer to tax time.However, I found the below blog which sums it up nicely.https://www.biggerpockets.com/blogs/5070/blog_post...Actually a few days ago @Nancy Neville outlined a list of attributes in the use of Quickbooks for Landlords that you can review at the link below.https://www.biggerpockets.com/forums/517/topics/24...

Also with all that can happen after the property is sold that is entirely outside of the control of the wholesaler; such as poor management of repairs, poor design choices, or lackluster marketing, listing options, or simply disastrous luck not everything can be attributed solely to the buy source. 

I can say that a lot of my success was attributed to this site.

When you have a LLC you just set it up straight through a bank account and that is how you can attribute expenses to it?

Have you heard stats such as “80% of millionaires attribute their wealth to real estate”?

I attribute that to because when it's all on the line, there is no way that I will let myself fail.

Specifying certain material attributes and having liquidated damages provisions to keep contractors on schedule are good ideas. 

you provide those three attributes and tenants will stay.

. :-)  I don't take dogs AT ALL, and the last move-out had a cat which dug a hole in the rug (first time ever), BUT NEVER had any damages attributed to children - - over 18yrs, 'taint bad.