I am attending my first BPCON.

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.

My mortgage is 3232.00.

Upstate New York and Florida have both caught my attention, but I’m uncertain which market aligns better with my long-term goal of building a portfolio of multifamily properties, specifically quadruplexes.

Title says most of it, my realtor has a relative with a duplex with burn damage in Oregon in the area I'm looking to buy my first househack.

My first thought was 50/50 but since I won't actually be doing all that much, I thought maybe it was too high.

Often it's " I haven't had any issues with my initial properties, but thanks anyway"  or "my mentor showed me how to do it successfully".  

I and my multitude of Indian clients would love to know.... 

I am a newbie and in the process of acquiring my first STR in Broward County, Florida. 

So if I pull permits and my work passes inspection, is there going to be an issue I’m not aware of?