Since I've done over a 1,000 SF deals which included every type of property from Single family to industrial and recreational, I can assure you that a 1030 is not always the answer since your exchange needs to be "like kind properties" Very good points made above, but consider this: If your LLC owns the property and you sell the membership in the LLC, to any degree, you have a different ball game.

Why re create the wheel.

Formerly unused spaces, like dens or recreation rooms, are ingeniously converted into new bedrooms, maximizing the property's potential.

But if you own secondary property such as a rental home, vacation property, or even a co-owned property like a timeshare, these count.Extra Cars – Your primary vehicle will not count, but any additional cars and recreational vehicles do count as assets.Life Insurance – The cash value of a life insurance policy also counts.

You'll have your own coverage for your individual unit, but what good is that if the building can't be recreated?

Tahoe is a multi-seasonal recreation area. 

It is a duplex in a very nice Pittsburgh suburb close to hospitals, nightlife, shopping, and recreation areas.

Enjoy all the recreational activities this home provides across the street from Houston Lake!

You could probably recreate that for yourself, but it's a matter of just how much of the wheel you want to reinvent.I can tell you that here in central Maine, there are some local brokerages that own their little sliver of the market. 

Everyone here is coming with new ideas to recreate new housing communities that are exciting to welcome luxury buyers.