I tried to get this information from my CPA but he couldn't give me an actual calculation, instead, he created a "mock tax return" using last year's data, but when he did it he INCREASED my tax bracket for all my taxes, and everything I've read states this should NOT be the case.I think the calculation should be this: Capital Gains Tax = (Sales Price - seller costs (R.E. agent fee & other closing fees) - original purchase price - capital improvements) x 15%.

My goals are to connect with as many other people, investors, agents and friends on here as possible and through real estate, achieve financial freedom.

This is a great place to learn and to meet people so take advantage of all the great resources.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersI hope BP helps you achieve your goals!

Nick at ReventurConsulting.com does all the studies using Government data etc.

This sales data was taken from the Multiple Listing system.What is the average cap rate in Chicago?

What data sources do you use to pull marketing lists to mail to multifamily property owners?

I don't know where they source their data from, but it's certainly not just folks that send them business. 

I just don't know if hiring this out if I'll still be able to achieve a reasonable ROI. 

The programs that allow a lower downpayment of 3-5% are going to require that the property be owner occupied for one year, and would also require PMI until 20% equity is achieved (conventional) or for the life of the loan (FHA).

Learn to read that data to the point you can do a quick walkthrough of a property and are able to "ballpark" a value quickly and confidently.