@Ilia Zakharav, There's no problem in selling individual units and 1031 exchanging them as individuals. 

I'm not completely foreign to the construction process as I grew up around a family that was involved in home building, but due to living in another state I can't really lean on them for the direct, hands-on guidance. 

Key provisions like bonus depreciation, the 20% pass-through deduction, and 1031 exchanges have saved investors thousands of dollars each year.

@Bayo Badejo Agreed, that Zip touches a lot of different areas, from the national park to south of exchange.

It's not simple, sorry.If you have not closed, consider tax mitigation strategies such as a 1031 exchange.

A person who has spent his 2000 to 4000 minimum CPA practice hours doing foreign currency conversions at Deloitte for a Belgian energy company may not know the first thing about real estate or anything else.

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

However, are you planning to do a 1031 exchange, or is this a primary residence? 

However, even in an equal exchange, recapture tax might apply.

Use depreciation on rental properties to reduce taxes further, and consider 1031 exchanges to defer capital gains taxes.