Since the government has such huge expenses after a situation such as this and the majority of tax payers end up on the hook for the costs is it appropriate to allow any one to rebuild in a area that will inevitably be devastated over and over again. 

http://access.tarrantcounty.com/en/tax.htmlThe Property Tax payment application will be unavailable Sunday, May 5, 2019 from 12 a.m.

However, there is an important exception.1031 Deadline Extension For Presidential Declared Disaster AreasIn certain situations, IRS Bulletin 2007-34 provides “affected taxpayers” in Presidentially declared disaster areas with up to a 120 day extension of the 1031 exchange 45- and 180-day deadlines.What is an “Affected Taxpayer”?

If the LLCs are disregarded entities then you are actually the tax payer for the properties and the LLCs are simple title holders. 

Remember, it is up to the taxpayer to keep detailed records and accounts of your business trips.

@Toni Annis banker is partially correct regarding the 1031 portion of things.To qualify for 1031 treatment the tax payer for the old property needs to be the same tax payer for the new property.  

Provided you owned the property at least two of the five years prior to sale AND occupied the property as your primary residence at least two of the five years prior to sale, all of your sale profit up to $250K per taxpayer can be excluded from capital gains taxes.  

I was worried too because Gillum was buying low-info votes with taxpayer money with a fury.

Part 3: The $150k rule you're referencing is the small taxpayer allowance to deduct passive loses. 

I believe this is against Amendment X of the Colorado Constitution, otherwise known as the Colorado Taxpayer Bill of Rights which reads ‘ 4) Required elections.