Obviously past results are not necessarily indicative of future performance, but it seems like a great investment for accredited investors to get a low-risk, solid return in exchange for some illiquidity.

Right now I'm keeping it because of appreciation and not sure if I want to sell for now, would need to do 1031 exchange. 

Hello,I am wondering if anyone knows the answer to this, I am a Canadian citizen with many single family houses that I own in my Florida LLP, I am currently using the structure of paying taxes from the the profits from the LLP flow thru into my personal name, paying taxes in Florida and then having to pay the difference in taxes in Canada ( minus the amount I paid in Florida as a foreign tax credit).  

Timing is key—catch a hot market or a great 1031 exchange opportunity.

Some will want to be on your team, and some will want to split profits with you in exchange for funding your deals. 

While flips don’t usually qualify for 1031 exchanges, holding a property as a rental first might open this option.

Also, the fees plus being a forced buyer with a deadline on a 1031 exchange may negate the small tax savings.

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

Do we need to go through the whole condemnation process to qualify the transaction for a 1033 exchange?

I work extensively with foreign nationals so happy to connect if you have any questions!