I know general investor mentality is to avoid it at all costs.

They want to sell the corporation to avoid this and only pay the cap gains, my attorney says no way (liability from unknowns, and we deal with the same when we want to sell)..There must be a way to navigate this and only sell the asset???

You want to make sure that you are setup correctly; to avoid having to make changes in the future and to verify that your setup is the most tax efficient for your goals.

Trying to help the seller avoid taking a tax hit, but I also want to purchase the property.

It gets even better because it's likely you didn't pay any tax on the $10,000 because of the depreciation offset and if you reinvest the principal and/or proceeds you can avoid paying take on the $25,000 gain as well. 

This is Texas. I lived in a condo for 5 years before it just sold a few months ago. How do I pay as little taxes as possible? I also have a W2 job.

Find the diamond in the rough that others are avoiding and see if there is a way for you to solve the problem no one else is willing to take the risk on.

I avoid condos for this reason personally, but I've had clients on the other side of the equation who were violating rental restrictions that they either didn't know about or didn't think were being enforced.

We've been mostly targeting conventional loans because we've been qualifying for low money down and want to avoid FHA if we can to increase our odds of our offers getting accepted...which hasn't been the case yet.

I am looking to avoid North/NE/East area of Philly due to my job location.I am very eager to learn and absorb as much as possible.