I'm not from your state - but in Florida your taxable basis is established by your purchase price at the time of the sale.  

Hi All,Posted the below on in a couple other forums in hopes to get more eyes but this seems like the best one for people just like myself.I have just started a career transition and excited to be getting into the real estate industry.

First time posting, my wife and I are fairly new investors.

Make sure to come by @Kim Tucker's Real Estate Investor Association: https://marei.org/ It's a great place for networking and learning more about investing

Any REGULAR monthly meetups you know of happening in Rochester, Buffalo, or Syracuse?
We have our own in Rochester, but a lot of others that we knew of kind of fizzled out.
Trying to direct people to the right places!

I don't know if that will bring the price down, and I would have a hard time selling. 

Forget bids of $70k, even $90k to punch out, including increasing the exterior wall and roof line. 

This info comes from the Latest California Department of Real Estate Monthly communications. 

My friend is a real estate investor who had an SDIRA account with Vantage IRA out of scottsdale, AZ.

Real estate is all about net worth and that takes time.