With multiple tenants you are all on the deed as tenants owning a % interest in a particular piece of real estate.Any tenant has the option of doing a 1031, taking the cash, doing a partial 1031, or combining their 1031 with the other tenants.While changes in entity immediately prior to a sale and 1031, it is a very common practice to complete the 1031 exchange with the purchase of the replacement property and then change the entity structure to reflect ongoing goals/strategy. 

The client will have to sign a document at closing that no funds have been paid out that are not reflected on the HUD.

The credit is business credit and does not reflect on my personal credit score.

The asking price is way over the comps for multi-family in the area, I've reflected what the high end of the comp range would be in my calculations.  

Now, I obviously don't expect every property on the MLS to be a great deal, but does this also reflect that of other markets?

If you don't, it's mortgage fraud, or they'll change your first mortgage to reflect the terms of an investor loan.

To keep things simple, we stay consistent with our percentage ownership in everything and that is reflected in our K-1s.For additional work I've done for our LLC, we will pay me "management" or "services income" and I get 1099's at the end of the year.

It doesn’t reflect on your personal.

That is how you can end up going from $650 to $2k.The maps for NOLA and the area were recently updated to reflect all the Post Katrina improvements, so right now, the rates are really about as low as they ever have been. 

My initial thought reflects your comments--some would care, others wouldn't.