I also did a 1031 exchange from a different property that gave me a bunch of cash for one of these purchases. 

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

@Kezia Edmonson, it's all about the valuations as @Jon Taylor mentioned.In your 1031 exchange you must purchase at least as much investment property as you sold in order to defer all tax. 

Long term play would be to either use it as a short term rental or 1031 exchange it after 2+ years.

Your New York LLC is considered a "foreign" LLC to Pennsylvania.

Quote from @John Reagan Johnson: I am new to the real estate industry and am looking to connect and exchange businessIf you are new I would suggest something totally different. 

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

I would like to 1031 exchange these properties into investment properties in South Carolina.

Information of the taxation treatment for foreign investors can be found herehttps://www.ato.gov.au/Individuals/International-t...4.

Best way to scale and build wealth is to 1031 exchange and I can help show you examples here in KC.