Your other option (which I would consider a better alternative) would be to fire the A/C company for disregarding your instructions as the property owner.

Immediately after the 1031 is complete you can contribute the new property into different entity with out triggering a tax consequence.The exception to this is if your LLC is a disregarded entity meaning it is a single member entity and you have not elected for it to be taxed as a partnership or corporation and it does not file its own tax return.  

For starters, I disregard every brokers opinion about everything. 

Keep in mind that a single-member LLC (aside from a corporation) is a disregarded entity in the eyes of the IRS.

Am I saying you should completely disregard any red flags?

Ok BP I need your help.I am selling a condo that has both my wife and I on Title and plan on exchanging into a commercial investment property.The problem I am running into is that in order to finance a commercial property most lenders require a business entity like an LLC in which to lend.So, how do I finance a commercial property in an LLC and keep the Title exactly the same ( remember both wife and I on Title of condo) so that I comply with IRS 1031 rules.I am located in Illinois and plan on purchasing here, but since it is not a community property state, it appears a Single member LLC would not work.Only thing I can think might get me to a disregarded entity status would be for my wife and I to purchase commercial property in a land trust and then assign the beneficial interest to an LLC.

This structure would be A C-Corp holding company with two hard money lending LLCs ( passive income disregarded entity) paying the C-corp fees to run them.

IF you are treating this as a hobby, then disregard this entire post..lolK.I.S.S. coupled with TEAM, Knowledge and Time are the keys to your success!

other than that I don't see an option that doesn't involve blatant disregard for the bylaws. getting caught could cause you a big headache down the road

If you are the only member of your LLC you can file as a disregarded entity and report the rentals on Schedule E.