Check the specific homes' tax payment, the neighborhood, other public records.Now, I spend time to run statistics of the MLS data to see what is a price range I can consider.

For those of you interested, I'm copying and pasting @Dave Foster's answer here:The way the IRS views it is that the tax payer for the old property must be the tax payer for the new property in a 1031 exchange.

When you file form 3115 with automatic consent your taxpayer account is credited within 30 days with the adjustment, meaning your next quarterly tax payment(or multiple payments if the adjustment is large enough) will be reduced by the corresponding amount.

The partnership (LLC) is the owner (taxpayer) of the real estate and is the entity that would sell and structure a 1031 Exchange.

The intent of the tax is to level the playing field for tax-paying businesses when a tax-exempt substantially acting like a commercial business.  

It may be more time consuming as an allocation needs to be done on each taxpayer's tax return, but certainly not "complex". 

The nice thing is that the IRS accepts it with automatic approval and credits your taxpayer account within 30 days. 

You must actually incur an expense in order for it to be deductible.If you want to pay yourself a management fee, you can do so, but you then need to declare that management fee as self employment income (or into another entity if you like), thus subjecting it to self employment tax.As an individual, you are a cash basis taxpayer (unless you make some pretty specific elections otherwise).  

The main reason it needs to be a "single member" LLC is simply- the replacement property must be acquired by the same taxpayer that disposed of the relinquished property.

That means that the IRS views you as the true tax payer for that property.