This would allow you to defer the capital gains tax, and instead of taking a large tax hit, you would be able to use the tax to invest in a nicer property/properties.

I should have been more clear...I actually have a BLOC with multiple properties securing the interest.

But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax. 

The 15% tax hit is a one time expense, versus 4.3% is annual interest.

My wife and I have business income and our accountant can divide the income according to what would be the best for reducing tax liability.  

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

How could I best secure financing for the renos to get each unit up and income producing?

In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer. 

Traditional deals often don’t excite investors—offering $200/month in cash flow isn’t very compelling.But with co-living, you can offer 5X the returns, making it much easier to secure funding.Now, instead of asking an investor to put up a 20% down payment for $200/month cash flow, you can pitch them a 5% down investment yielding $1,000+/month—a much more attractive deal.Why Co-Living is the FutureCo-living isn’t just another strategy—it’s a high-demand, high-cash-flow, lower-risk investment model that aligns with today’s rental market trends.

@Frank FloresInvesting in delinquent tax sales in Houston can be profitable, but it comes with risks.