Even in this very general reply, I am getting far outside my level of expertise.

If you have held the property for longer than one year then it would be a long-term capital gain and taxed at the 15% rate you referenced (depending on the amount of gain and your level of income, of course).

(There's a bit more to it, including an understanding of her total other income sources, possible taxation of capital gains at 0% for certain income levels, etc. 

I actually talked with them about an executive level position years ago and I thought it seemed like a really cool place to work.

I am looking at a split level single family house foreclosure. 

Just a bit, eg few flakes as I recall, and you’ll have high lead levels.

Depending on your goals, investment strategy, and comfort level with outsourcing, the flyover states can offer great potential to earn a quite attractive return on your money! 

Even after a potential bump in foreclosures I dont see prices on affordable/entry level housing going down much until interest rates start to rise. 

I was 23, making a whopping $35,000/year salary + some laughable level commissions, with my wife having the same salary.

How many units could you afford with that level of negative cash flow?