Without a doubt, it will make certain areas more densely populated but  if people really want "rural", then they are free to move from LA to Ojai and if they want endless seas of single family tract houses on 7,000 square foot lots they are free to move to Phoenix.6.

HELLO ALL:*    Our two-member LLC (husband and wife) purchased a tract of investment property.*    Our son contributed $$ to our LLC towards the purchase of the investment tract with the agreement that any gain at sale will be proportionately divided between the three parties.*    On the books our son's contribution was treated as a loan, but we now realize his gain would be reported as ordinary gain and not eligible for long term capital gain.*    My plan is to (1) create a new LLC with 3 members (husband, wife and son); (2) quitclaim deed from original LLC to new LLC; (c) sale after 12 months would be capital gain to all members.But this is where I get stuck.

It’s a lot to digest and I have more options to discuss, so getting on a phone call would best much appreciated.

Their longterm strategy and investment parameters might stay focused, but they're aware enough of their surroundings and apply their insight to capitalize on the information digested. 

Sale: This was a tough one to digest we wanted to rent it but I was skeptical of not living in the same state as the property, 20/20 hindsight, i wish we kept it to rent.

https://parks.ny.gov/shpo/tax-...New York State Historic Preservation Tax Credit Program for Income Producing Properties Owners of income producing properties that have been approved to receive the 20% federal rehabilitation tax credit can additionally claim a state tax credit if the property is located in a qualifying census tract.

Looking at a couple of properties to do a 1031,one of them is a small tract (5 acres) with five singlewides rented generating $2,700 of monthly rent.

Although not wrong, I quickly realized I hadn't digested 1 big piece of advice I found in each and every source...

The larger tract we can find then the economy of scale kicks in. 

It will give them a chance to digest without having a kneejerk reaction.