The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

As far as LLC structures and tax strategies you should find a CPA who has experience with real estate and small business.  

Looking for tips on tax savings on the small business.

I wish you the best of luck building your business on another platform.  

Here are my two cents...I recommend starting in a market with strong fundamentals, such as steady population growth, an influx of major corporations or large businesses relocating to the area, an affordable cost of living, and high rental demand.

I see why they say, never go into business with family.

They make their money off of real estate agents, but real estate agents are the worst people to make money off because they are highly unreliable and in and out of the business when the market changes.Their target should be the consumer with higher levels that they can subscribe too for data, since Zillow is linked to the MLS now which makes their data somewhere more reliable.

Best bet though is a local community business bank.. 

Like Having a great base of index funds and a fully funded IRA before throwing savings into crypto or the newest AI quantum-powered dog walking business! 

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.