Hi,I’m considering a partnership with my next rental purchase, and this would be my first partnership.Do you form an entity for the property such as an LLC taxed as a partnership before acquiring the property?

I am doing an entity clean up and was looking at doing the same thing.  531390 NAICS INDUSTRY REAL ESTATE ASSET MANAGEMENT might be another way to go, as some of the real estate codes are higher risk than others.

I have not, but be careful of costly entity structures.

If I am the only member in the LLC, would that qualify for a 1031, or will I run into legal entity issues?

@Brian HunsakerNo, legal entities won't help. 

You would only need a foreign entity registration for the state of Florida.

This order could potentially grant you access to the property for inspection, considering the insurance requirement.If the current insurance policy is unfeasible due to access issues, explore other insurance options that can provide coverage under these circumstances.Keep a detailed record of all your attempts to conduct the inspection and any communication with the tenant, the insurance company, and legal entities.

The property is currently in an LLC that is a disregarded entity that flows to another LLC taxed as S-Corp. 

@Nicholas Radina   single member LLCs are pass through entities.

This would be DSCR based product (no tax returns or DTI needed) but keep in mind business purpose loans in Florida can only be made to an entity (LLC or Corp).