Also, if you're married the capital gains exclusion is $500,000You can also add to it the cost of any work/rehab you performed on the home that improved or extended the life of the house (known as the adjusted cost basis). 

I'm a newbie to this site and to wholesaling. 

It is amazing how far this site has come along from the beginning.

No doubt, it's a risk tho..Naturally I would much prefer something with less overhead that performs well, and I'm willing to buy my way into an established market, but then I'm starting from scratch, and frankly despite having some reasonable tools at my discretion I don't really know how to data mine the entire US.Now that the dust is starting to settle after years of being in the trenches with this duplex, it's clear to really make money with this you have to have a portfolio, as I read in an article from this site, 1 or 2 rentals ain't gonna do it.

I don't believe that many people on this site have been in that much of a financial bind (after all, no one would ever invest in real estate with negative cash flow), so it's going to take some creative traditional and non-traditional methods.

I am going for a site visit this week and am wondering what other questions or info would be important to have or find out.

There is a calculation performed each year based on the account value and an age factor (perhaps yours, perhaps the deceased original account holder depending on certain variables). 

This is a fantastic site for networking and learning from other successful investors.  

If this is too much hassles, do you have any no performing capital loss asset that can offset the gain ? 

I looked in spam and no login so I went to the site and used the forgot password button to be able to log in.