Exploring more landlord-friendly markets or outsourcing to a property manager could ease your load. our advisor would like us to sell any one of our three rentals but especially the lowest performing cash flow property. 

It has led to opportunity (to acquire) with the inaccuracy of the rev calc as we have seen performance vary from what they show.

We have a lot of 2-bedroom oceanfront condos under $350k that perform well. 

Understanding the impact of operation expenses and cap ex when those events occurs is really critical to the performance of real estate. 

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.

As for requiring spay/neuter, an ESA does not need to be intact to perform their duties, and you cannot breed an ESA because that animal would not be available to perform their duties while they were off reproducing.

Typically before the land is purchased, I advise buyers to perform all of the due diligence starting with the zoning and development code to know what is even possible within the confines of the existing zoning with the city/county.

The key is to have a team in place that performs for you and that you trust...no matter how you structure it.

What "is" financially responsible is easily accessible to find, as is the simple math performed above.

We find 2 bedrooms are the weakest MTR performers.