@Kevin SimmonsEach event of a sale of a piece of real estate triggers a recognition of gain.  

People say it but I don't think you guys get enough recognition." 

It can be done But here's the first problem: The money that goes to the individual is boot and does create a taxable event. the second problem is that  you'll then have the problem of an LLC that has done a 1031 exchange, incurred a recognition of gain event and you have to figure out what to do with the member who got the cash, caused the recognition but is still a member of the LLC so has a membership interest in the property by virtue of his membership interest in the LLC.If the LLC were to do a complete exchange and then buy out the membership interests of the one party that could be done with your cpa's blessing.  

We always try to use a pleasant tone and facial expression, even if what we are saying boils down to, "Go jump in a lake."

You will have a lot of your questions answered by giving it a good read.I have heard that you should never trust a man with facial hair, but Brandon seems like an OK guy.Much success!

Under the cash method, flippers can very well have a large loss in the current year due to the recognition of their expenses, and a large net operating income in the subsequent year due to the sale of the property without recognizing many expenses (since they were all recognized the year prior).

I have started using this technique and it has helped my direct mail gain recognition and also i have found motivated sellers through my skip tracing and cold calling efforts.

If you don't like tenants with facial tattoos, that may be a legitimate reason for refusing them.

It can be quite humbling to go from working for a company with Global name recognition and an impressive sounding title (aka – everyone calls you back), to cold calling contractors and hoping they can make some time for you. 

The key is the dividend is non-direct recognition.