@Nick R.Ask your CPA and 1031 intermediary but as a single member entity/LLC it can be a “disregarded” entity thus having the best of both worlds. 

I think it's a good policy and if you use it, disregard it at your own peril. 

You better put this in place before you get in trouble and get sued, after...no point in closing the barn doors after the horses escaped.An LLC is a legal concept, with no tax advantage - you can have it treated as a disregarded entity for tax purposes, or a S-corp or C-corp (but you don't want to hold real estate in an S-corp or C-corp).If available to you, you should look into Series-LLC for the asset holding entity.

I am disregarding that and doing my own research.

That means that banks will pretty much ignore the LLC, especially if it is a single member LLC and treated as a disregarded entity, and treat everything as if it was in your name.  

If you are the only individual in the LLC it is considered a disregarded entity for tax purposes. 

Feel free to disregard them.

Some people disregard these rules, but that id tax fraud if you are audited.

So maybe you disregard the vintage and think of A class as where you want to live, B class is where you would be willing to live, C class is where you would live if you had to and D class is your housing of last resort and where you'd only go outside in the daytime.As to your question about A class section 8--yes this does exist. 

Again, this is an analysis that needs to occur with a CPA or EA as it's highly case specific.It might be best to start off with the default SMLLC tax status of 'disregarded entity' and later make an S election further down the road.