SALT Deduction Limitation Question

[Bradley Chiakas]

Hi BP Community,

I have read 5 articles and am still unclear on the new $10k deduction limit on SALT. 

I am considering all tax implications before purchasing my first multi-family property.

I currently have about $150k in equity on a condo I will sell in the coming year. I would like to do a 1031 exchange and put 20% down on a multifamily property. 

I have a real estate LLC, but have not been able to title them under the LLC since all of my properties still have mortgages.

So, let's say I purchase a $650k multi family property with $15k in property taxes. Is their a way to avoid the additional $5k (beyond the $10k limit)? I don't think I will be able to get a mortgage in the LLC name since I do not show much positive income.

Thanks in advance!