I calculated the accumulated depreciation (recapture), closing costs, capital improvements, original cash outlay, etc to arrive at current tax basis and to the rough net gain of $50,000.For the sake of understanding the specific question regarding the cash boot, let's assume my net gain estimate of $50,000 is correct.I have engaged a QI for this exchange and they won't provide any guidance outside of "contact a CPA" which is everyone's favorite answer.  

One of my favorites!

I narrowed the choice to my 5 favorite.

This is from one of my favorite commentatorshttps://alhambrapartners.com/2020/07/28/strike-1-gold-strike-2-dollar-strike-3-inflation-expectations/

What are some of your favorite daily subscriptions?

Also, there are cases where the expenses will be higher, particularly in a park that has a large amenity package (like pools, clubhouses, sport courts, game rooms, etc), or a high degree of expense related to landscaping and maintenance.  

Your income, while not irrelevant, isn't the primary factor.If you're cash-rich, I would start looking at 5- and 6-unit buildings in gentrifying neighborhoods like Inglewood and Hawthorne (my personal favorites).

Interesting read, favorite article quote:"(meaning) an Austin tech employee would, on average, need an $83,000 raise to maintain the same standard of living in San Francisco"

My favorite...Flipping Junkie! 

The consistent action is what makes deals out of these lists, hitting the right seller at the right time, dont just shoot out one and done (not saying you WOULD, just making sure the point is hammered home).BTW, D4$ is my favorite list still!