I recently received a letter from the tax assessor explaining tax assessed value of the property increased to the purchase price I paid for. 

-House was not in a trust- as I understand we will need to pay taxes on gains (parents bought it for about 12k in 1969, zillow says about 150k today)-House is not MLS-ready. 

Specifically, the areas near Wake Forest Medical School and Wake Forest Baptist Medical Center have attracted investors, as students are seeking rentals during residency.Favorable Tax Laws:  North Carolina boasts relatively low tax rates compared to many other states, with property taxes averaging at 0.70%, which is below the national average.

Hi @Dennis MedinaTwo tips for youTip1One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Why would I take commission on a house I bought and get taxed on it? 

I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly.

The tax benefit could far outweigh the cost. 

Tax Benefits.Depending on the property, you can utilize other methods to gain the cash.

You also have to factor in future property taxes.

If i give them a down payment and they finance the sale over 20 years, are the capital gains deferred or is it taxed at the income tax rate?