Tax Planning for Buying, developing and selling multiple units

[Richard Chang]

Hi all,

I was interested to find out the basics for tax planning for a real estate
project to buy a lot and remove existing structures and have 3 units built
with 1 being kept by the owner.

How would I find information on minimizing tax on the sale of the other 2 units
etc. I read that the units would be taxed as ordinary income ?
Is their a way to maybe do 1031 exchanges to a new project investment to avoid this etc.
Should this be done in an LLC etc.

Best to all, Rich C