For instance, if the farm has "hot assets" (e.g. unrealized receivables, substantially appreciated inventory, etc) your FIL would have to realize ordinary gain from the sale and can't defer that through installment.A Sec 754 election needs to be discussed as well if you're buying out your FIL's interest but your BIL is staying on.A good CPA is going to cost you, but will save you far more than his/her fee by doing things correctly and efficiently."

I’ve gained a lot of knowledge online about wholesaling, but majority of the people mention to check with your lawyer about legal and illegal processes of wholesaling in your state, but don’t really tell you or give examples of what to ask.Any experienced people have questions that I should for sure be asking?

Also if I take my capital gains from a sale of another property.

@Adam Scheetz, I am an investor that is looking at long-term gains and I have purchased a nice property below the 1% rule.

Some areas are at different places in the real estate market cycle so you might gain some advantage from finding somewhere earlier in the cycle than Denver is at the point in time.

If you gain enough equity you could refi at 75% or so.

I've been infatuated with analyzing rental deals for quite some time, but I figured it was time to throw together an analysis tonight to hopefully gain some insights and constructive feedback from some of the investor gurus out there!

Offering a skillset is great, but sometimes people could also end up just being used by the "mentor" and not gain anything in return. 

So long as the gains outweigh the losses it's all good in my book.

Obviously I will have to pay capital gains but unsure if I sell with the LLC if it will helpmeet or not if if it really doesn't matter.