So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

I think a large part of building wealth is being optimistic and paranoid/scared to death at the same time.

For the residential side, check nearby apartment rents and recent sales of similar mixed-use buildings to get a sense of value.

I wish you the best in building out your portfolio. 

The BRRRR method is a great way to quickly build up a rental portfolio and considering you are in one of the fastest appreciating markets in the US, you will be able to profit off of appreciation as well as rental income.I am a real estate agent for off-market distressed properties here in Fort Worth, Arlington and surrounding areas.

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

Picking up 3 properties. 1 remodel/rental, 1 demolition/New construction and 1 that I'm hoping to build a duplex on.

Based on income alone, I could buy a 30k lot in sky harbor and build a 2 bedroom 1,400 sq ft cabin that generates 50k to 60k in rental income all day long (if not closer to 55k to 65k).   

They would get that $500K tax free and the rest of the tax would be deferred in the 1031.A very elegant solution that puts $500K tax free in their hands now. 

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.