I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

I want to begin my real estate journey as soon as I get out of school.

I had a similar issue as a buyer's agent and I had to go back and forth with the builder multiple times and even back up the closing date because there were a few items to take care of, have your agent represent you on that. 

You should have titled the property in mom's name, with a mortgage and an option to purchase it from her for the $75,000 at any time to protect you, if something happened to mom.

You might even be paying lower real estate taxes if the county records only have you down as 2 bedrooms and you actually have three.

Below are strategies to help scale a real estate business effectively:1.

Additionally, local MLS data or city-specific real estate reports can provide more granular insights for your target market.For news and broader economic trends that affect real estate, check out HousingWire and MarketWatch.

There's been significant growth in the last 3-5 years, with booming business and real estate sectors.

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?