You are deferring taxes, not eliminating them.

Hi all,I was just wondering if I could get some insight into an issue I've run into trying to find the present owners of an abandoned property. 

I had to give my parents a presentation on how the building would cash flow so they can give me some money, but it worked out!

So they'll get some money tax free and the rest of the tax would be deferred.

Before my realtor listed it on the market, I presented to the tenants a letter of intent to sell my property to give them a heads up (top 2 levels and private basement apt rented to 2 diff tenants). 

Also, the evidence to determine if the foreclosure was done properly is either found and ready to be presented by now or it will never be found.

She is trying hard to push me to go back down life paths that did not work for me before and I'm presently in a position where I can't do much about it at the moment but am making plans.I understand that investing particularly when new, can take a lot of time to learn about. 

I just laugh when the buyer's agent presents the fantasy bid and "expects" the Seller to agree.

As long as they purchase replacement investment real estate worth at least as much as their sale they will defer all tax. 

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion