The tax You should ask a CPA about the tax consequences.

I have been doing property management for a little over a decade, and I specialize in helping investors find deals that need work and connecting them with reputable contractors that will do a good job and do it on time and in budget.

Normally, when you 1031 up, to higher value property or properties, it's simpler.If you 1031 into something smaller, and did not take on a smaller mortgage, you will have some tax consequences.

I'm looking for a reputable property manager at the Jersey Shore.

If you know of a reputable home builder in the area, please give their contact info.  

What are the tax consequences for investing in syndication project with a self directed IRA?

3- Are there any tax consequences of which one should be aware?

but I will take a guess at what your askingif the developer is going to bust this into lots and you stay in you just lost your tax advantages and will be deemed a dealer at the highest tax rates.sell now no risk.. and best tax treatment you could 1031.if its one property and your saying should I partner and they are going to build an apartment on it and we will keep it.. that's different.. but you lose control because your now going to put a massive amount of debt on it.. all though in your area not too risky given market conditions.. and really depends on your developer  known, reputable and stable ?

There are plenty of le dears on this site that not only will help with real estate investment "your way", but their reputation to lend would be tarnished if they didn't do right by you.Most important, know the people you'd partner with before the money moves.

Unsure about the federal tax consequences --- that's a CPA conversation.You can do either a partnership or S-Corp.