To see how much a 1031 exchange will benefit you in a sale you must first calculate the performance of your current property.

Now they are charging $395 per 1031 exchange!

This article presents three key factors to consider before deciding that now is the time to sell/exchange: 1) regulatory, 2) economic and 3) personal timing.1.

@Tj Collins You can 1031 exchange in and out of any state, you can 1031 exchange in and out of any investment real estate - farm land, apartments, commercial, single family investments, new construction etc...The big things are timing on the 45 day window, 3 property rule and closing in a certain amount of time.

In a 1031 exchange, you must reinvest all $450k and replace any associated debt to defer taxes fully.

Or any amount of cash you take out from the exchange are considered to be profit. 

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

I think.. that darn NMLS website is the most user unfriendly site I have ever seen..  

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

I was suggesting that if you wanted to do a 1031 of a property held in a LLC, they would be forced to also do the 1031 exchange.