multiple vs single property LLC for future 1031 exchange

[Tyler Brown]

My business partner and myself own an apartment complex and are under contract for two more properties. We are planning to start an LLC and move the properties into this LLC. My business partner prefers to set up an LLC for each property instead of having all properties in one in case we want to do a 1031 exchange in the future.

If we place all properties into one LLC will we be able to sell one or some of the properties at a time through a 1031 exchange, or will this be limiting to us in some fashion?