The article had some talk of property condition and termite treatment to explain the price (but Anderson Mill feeds into One of the best high schools in the state and has always been solid). 

"Flips", the intent of buying and selling houses quickly normally results in ordinary income and not the capital gain preferential tax treatment.

At a minimum there are some treatments required by the 1031. 

But at the end of the day you did not technically sell or buy real estate you "exchanged property with your QI although they never took title.Much more important than that though is the treatment of proceeds.  

Partnership interests are specifically excluded from 1031 Exchange treatment.

I live in California, king of regulation at any cost, and now many new or replacement systems require an advanced treatment system and the quotes I'm hearing are in the $90,000-$120,000 for a single family home.

The park is on the east side of the Las Vegas valley and runs from the various water treatment plants near the natural beginning of the Las Vegas Wash to where the wash flows under Lake Las Vegas and later into Lake Mead.

In order to qualify for 1031 treatment you are selling investment real estate and buy ing investment real estate. 

I am getting very strong cash flow, on a property that I fixed up last year. I am wondering whether the depreciation and the rehab costs can be used to offset this income? Yes, I am going to speak with a CPA, but want...

Since you will be in business with a partner, your choices for the LLC tax treatment are partnership or corporation.