Transferring will have no effect on taxation.  

Notes: Illinois Single-member LLC, pass-through taxation.

As an example I saw a 4 unit going for 225k on 33rd street which is 6bed, 4baths, 2,790sqft.I don't know the neighborhood, but this is an example for numbers and not a property I'm about to make an offer on.At 225k with 45k down over 30 years at a fixed 4.072 the mortgage is 867 per monthIn addition to the mortgage there is insurance estimated at 67 per month, and tax at 152 per month.For the majority of properties in Philly, does the landlord pay for water, trash, any other utilities?

CA Corporations Code §§ 17701.04, 17701.08, 17708.02, Revenue and Taxation Code § 17941Form LLC-5 (REV 01/2014) Application to Register a Foreign LLC.

I'm going to chime in too, not to pile onto @Mark Poulton, but to offer some encouragement.I'm a CPA with almost 20 years of experience in real estate accounting and taxation.  

They're paying income tax at home as well as a higher property tax here.

I don't see a way to get equity without taxation.

I'll ask @Bill Exeter to weigh in here as the expert, but this is my understanding:To defer ALL taxation with a 1031 exchange, you must purchase a property/properties that equal or exceed the sale price of your relinquished property.

I recommend you consult with a CPA who knows both real estate and pass through taxation to assist you

A Corp. can be very expensive with double taxation if not careful.If you are truly a wholesaler, you have limited liability so a single LLC should do the trick.Talk to a local CPA.