We have CDs maturing at the end of the year that could fund a new primary residence.Should we:1) Sell it with no Capital Gains tax.

I currently have  1 Business Bank Account that is for Master LLC and stuck on best way to manage cash flow  and flow of funds between account for all master expenses related to my business setup vs and also expenses/ rent related to the properties to ensure that I keep things clean, simple and easy for reporting, taxes.  

However, most lenders have no desire to deal with that which is why they work with experienced and proven investors they are confident will drive the project to its finish. 

Also, in a 1031 the seller cannot take possession of the funds so you giving him the downpayment to do repairs would be challenging.

In the Pace Morby parlance I have come to learn that the gap funding or equity component is called and ET or "Entry Fee"..

To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow.

They allow you to get funds at more favorable terms than with a loan or credit card.

You mention using the funds as a down-payment on a property. 

Mortgage Funds and Indiividual Note Investors 

now that my first property is running smoothly I have been thinking of starting to look for my second one once my funds are in order.