Capital Gain
Im trying to do a subject to deal in california. The owner has a rental property. He is 2 months behind on his payment, he has been renting it out for more than 4 years. He owes $300k on it and the area comps for $300... he is afraid of capital gains. He is a CPA and he says if he sells the house he will have capital gain of $30k .. that would make it too expensive for us. Is there any way to avoid this 30k capital gain?