I'd rather bet on myself and live with the consequence than throw money out of state and lose most if not all control. 

If you're parents are going go receive any money from that then they will have to take depreciation then on that property and it will appear on their schedule E as well (upon sale they have to recapture any depreciation they took or could have taken so watch out for that).If you go further the route @Corby Goade suggests with a deeding you'll want your accountant to advise on gift tax consequences or use of the one time limitation. 

@Marshall Hooper The thing is that this business is almost solely built on reputation.

@Derek LogueWhat you fail to comprehend is that our business is built on reputation.

It is a knish market and to succeed you must have a well known name and reputation to attract the elite that will pay based only on being able to drop names among their world of elites. 

As we all know, contractors have their own reputation, anywhere in the country, but I firmly believe there are still the few that are honest and reliable and will work at a good price.

What tax consequences on each 30k remaining in each of our 1031 exchange.?

Do you have a reputation of closing deals with no BS? 

I am a new investor in Fort Worth, TX looking for a reputable attorney for a LLC formation and associated documents with tax structuring.

I know PMI Georgia has a great reputation in Atlanta and the owners of the company are investors also.