Depending on what type of business, you may also be obligated to pay sales tax, self- employment, social security, and medicare taxes, make estimated tax payments, pay duties, etc E.I.N Number.

., while I'm not against "no debt", none of my advice was for the purpose of minimizing the OP's tax payable just for the sake of it.

@Joshua Smith, the tax payer has to be the same for the relinquished property and the replacement property.  

Assume that you sell apartment A for the same price that you purchased it for, plus interest, and tax payments...Was it worth it?

They aren't looking out for the homeowner, they are chartered by the state to look out for the renter (ironically, paid for by the landlord and other taxpayers).Hopefully he can prove the damages happened after July 2014 so he can get reimbursed from Section 8 by the Housing Choice Landlord Guarantee Program.  

Flipping houses in an IRA, if done on a regular or repeated basis is subject to UBIT taxation, since this is considered a trade or business (and therefore this tax-exempt entity is competing with tax-paying businesses).  

In general, they are not out to stand in the way of superior claims just merely to collect on any equity due the taxpayer who the lien is against.  

Then it will be owned by the MM LLC and as the taxpayer, the LLC will have to sell and buy in order to complete the 1031.Your acct. should be able to help you with this pretty easily.

I know 1031 exchanges must be same taxpayer to same taxpayer, and it seems like so far the only viable option I have found is via a Tenant in Common structure.  

On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.