I've heard of people taking off $20K on homes that were sold for less than $100k and while others are making $10k off of $200K deals.

You can find a couple tools and calculators under the "Tools" tab at the top of your BP page.Hope that helps.

I owned that property for 8 years and sold it in December of 2015.

Just four months ago the next door neighbor sold his 1 acre lot for $85,000 cash. 

Probably the biggest thing was that I partnered with a contractor who had a different vision for the property than I did.It was an old duplex that he envisioned as being sold only to an investor and he wanted to finish it with low-mid grade finishes (formica, wall-wall carpet, clean up the old gas stoves, etc). 

Foreclosed homes, also called REOs are sold "as is".

Listening to what you are saying on cap gains, using hypothetical #'s, if I bought the house for $90k and sold for $100k I would pay a 4% commission for the sale of $4k.

I think our big run has occurred and we are in for stable pricing for a while now.. although I get reports from our title companies and its still a strong sellers market.. but I am not seeing over bids like we got last year.. and on my new construction were we sold last year in one developemtn 18 homes in 6 weeks we are at 2 a month right now.. which is just fine.. we sell out in 12 months.. but our prices are 75k per home higher than they were last year.. and our cost are up 20k so net gain of about 50k in bottom line profit on this particular subdivision..

As far as wholesaling goes, that will just be another "tool" I hope to have in my box once I start direct mailing.

My brother is dealing with someone trying to sue them for problems with the house that happened 11 months after they sold it.