Capital Gains Tax: If you sell a property for more than you paid for it, you may owe capital gains tax.

You will owe 15% federal capital gains on your net profit.

Although from the title I'm wondering if you would gain more responses in the mid-term rental form. 

Hey @Elijah Dicks, I plan to start investing the next couple years but would love to gain advice/guidance/tips from some seasoned investors.  

We are unclear as to who will be responsible for the capital gains and how it will be calculated, especially since he is still on the title.  

False.When an entity or a human has capital gains you owe Uncle Sam.How will you vet and continue during the years of ownership to verify who is an American and what percent the mix?

Even though we didn't reached our goal of getting 1 wholesale deal under the belt during this time, but I've gained so much confident by going through the motion of analyze deals, doing comps, submitting offers, talking to other agents on their listing, talking to contractors...

Appreciate the sentiment Katherine, my loss is your gain!

We would like to put each of these properties into individual "disregarded LLC's" for the liability protection but we don't want to trigger a capital gains tax situation.  

This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.