If you're interested in wholesaling, you may want to connect with @Sharon Vornholt here who writes regularly for the BP blog on the subject.

The US tax code also has a very favorable long-term capital gains rate of 15% (subject to certain income) that may apply upon the sale or disposition of the property.In addition to federal taxes, investors will also have state taxes to consider.

It depends in your goals with regards to the subject property and overall real estate business.

If that's the case (and even if its not really) I would think you are going to need a polished presentation that highlights your experience, success and a detailed plan individual to the struggling subject property.  

I used 525 for the numbers.Cost of the unit is $225KI used an idea of 30 yr. mortgage at 8% for 100% = 1651 Current taxes are around 3K = 250/ monthInsurance 3K = 250/ monthP.M. cost 10% / unit = 420/ monthMonthly maintenance = 150/ monthSo as you can see I am confident with my breakdown, however the number that is subject to change that will make the difference is the Mortgage.

Anyway I punched in real estate and it brought up a lot of books on the subject. 

The instance of the Raleigh PHA lowering HAP (the subsidy portion of the monthly rent) across the board by 10% is a crazy rare occurrence, despite the fact that its brought up on this site almost every time the subject of Section 8 comes up.

There have been cases shown and decided that a "chain of events" that led up to the closing and sale had the buyers broker / agent earn a commission.So a lot of it is subjective as to what happened, how it happened, and at what time.If this is a smoking hot deal and they are going with your offer and it's a low sale price then another option is to let them double end it and get a real estate attorney for 200 to 300 to negotiate the purchase and sale for you.

McGuigan you will find in life and business that some relatively bright people will have different and seemingly contradictory opinions on a given subject, study read and learn as much as you can, then see what makes sense to you, take an idea concept, try it, push it, test it see what works and what doesn't for yourself.

The home in question is your primary residence and is subject to short/long-term capital gains tax, not business income tax.