Sam Shueh There is no such thing as handyman in CA.

@Sam Amir Thanks for the reply man and also good to see you on here!

What sam?

@Sam JoshCalculating the gain on an investment property is as followsSelling price less adjusted basis less selling expenses.Selling price = Agreed price to sell a propertyAdjusted basis = original purchase price less depreciation plus improvementsselling prices = broker fees, etcIn your case - the gain might be neither 20K or 14K if the investment property was used as a rental and there was depreciation involved.The total gain is composed of capital gains and depreciation recapture.

An attorney will give you best practices and tell you what's allowed when it comes to structuring a deal, raising capital, rules to follow in general.In terms of the books, I suggest you get "Principles of Real Estate Syndication" by Sam Freshman and Gene Trowbridge "It's a whole new business..."

Thanks  @Sam T..

@Sam ShuehThat was the opinion of the inspector I hired and an engineer I had with me, not my judgement, hence the "structurally the house should be fine".

@Sam Elder that makes sense, thanks! 

@Sam Shueh Yikes!

Sam Armentrout has a good reputation as a realtor, but I have no experience of the property management services associated with her.