Gained knowledge about real estate market in El Paso and about long distance investing.

Should I be added to the deed, or would I still be subject to capital gains since I haven't owned it for 2 years?

I was so poor in college, I could not even pay attention, that is why it took me 7 years to finish.

I would say if you are just buying for cash on cash return, then it could be very hard to compete with the buyer who figures that 6 to 8% return is really 15% with the blended return (tax savings, appreciation, equity gain through tenant paying down mortgage and hedge against inflation).

Main Takeaways Pay attention to Millennials — Now, millennials are between the age of 22 and 37 years old.

At least 2,600 victims invested their retirement savings, totaling about $400 million.Shapiro siphoned off $35 million for his own benefit, according to prosecutors, spending $3.1 million for chartering private planes and travel, $6.7 million on a home, $2.6 million on home improvements, $1.8 million on personal income taxes, $1.4 million for his ex-wife, and more than $672,000 on luxury automobiles.Roseman received $2.5 million for himself and Acevedo received $1.1 million, prosecutors said.The Securities and Exchange Commission’s previous enforcement action in 2017 was settled in January for a total of $1 billion in penalties and disgorgement of ill-gotten gains, the agency said.

Well selling your condo in NJ you most likely get any gain tax free as owner occupied.

If I pay the $6000, will that amount be deductible for capital gains tax purposes?

For example, if I were to sell a property and net $50,000 profit, could I elect to exchange $40K of the proceeds towards a new purchase, pay short-term cap gains on $10K and keep the balance? 

I've gained a tremendous amount of loyalty by just going in and making a couple of basic upgrades to set a good first impression with inherited tenants.