As a project manager, I worked on site (painting, installing hardware, fetching materials) in addition to selecting and paying licensed tradesmen to improve the property with the direct knowledge and consent of the deed owners.

If I know I'm going to have capital gains , would it be best to spend the money that's going towards tax on the gain or spend the money on capital improvements to bring up the cost basis?

Waco has seen huge improvements here and with the increase in tax revenue from tourism (magnolia) the government has even more money to spend on that.7.

With decreases in inventory and increases in population prices have continued to quickly rise in the city limits.

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:Code Enforcement for debris removal or mowingDemolition or Environmental Based Liens State child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgage Personal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgageOther Judgments outside of the ones listed above  

Right after you close on an improved property get an insurance policy that will protect you if there is a loss.  

I know what I would call professional wholesalers I know many.. they buy their inventory never touch it and flip it..

He's retiring and looking to slowly sale off his remaining inventory.

Just like a regular loan they sent an appraiser to give a value "as is" and an ARV based on the improvements I told them I would do.

(I check their inventory from time-to-time looking for a deal.