Under what circumstances would the income be treated as capital gains?

In this deal, I remained committed to upholding my standard realtor duties and due diligence process, despite the unique circumstances of a judicial sale.

And, in those circumstances, it's considered like-kind to any other business or investment real estate. 

Additionally, the flexibility of renting allows residents to adapt to changing life circumstances without being tied down by a mortgage.From an investor perspective, BTR projects present an attractive opportunity to capitalize on the growing demand for rental housing in high-growth markets.

Without checking the title yet, My question is, should I still possibly pursue it under which circumstances?

But, they're fraught with little nuances that depend on your circumstances.

Facts and circumstances may vary! 

However, consulting with a tax professional or cost segregation specialist can provide personalized advice and help you determine if a cost segregation study is worthwhile in your specific circumstances.

It's not necessary in all circumstances, but usually makes sense.

There were some code violations from a car hitting the house and other neglected maintenance that we inherited when we bought the property, although the bank paid off the fees up to the date of sale.