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.

Don't have to re-create the wheel.If we total the above, we are in the $1mm range for costs, with some fat.Worst Case:Our lots will run in the $100,000 to $150,000 range. 

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?

@Doug WebbI’m not sure about how Seattle’s laws are but in Rhode Island which is medical (I’m a patient) and Massachusetts which is recreationally legal smoking on your deck would be considered smoking in public which isn’t allowed.

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!