If so, it is doable.

@Conrad LegéThanks, I feel like you’re right; this is definitely still doable depending on what city you choose.

It’s definitely doable. 

If you lived there , its doable .

if this is gross cash flow - that's definitely doable. 

I have been in this business really close to 10 years now and am starting to feel that working with investors is just no longer doable.

.:) With all that being said above, does that sound do-able?

If I understand your situation correctly, you could structure a Tenancy In Common (TIC) deal where each of the separate LLCs owns an undivided interest in the replacement property, as tenants in common.These deals need to be structured properly and you need to have an attorney familiar with 1031 exchanges involved to make sure it's done properly.Also, if there is a lender involved, that can complicate the matter as well.It's definitely doable, if you have the right professional help while you're doing it.Feel free to write if you have any questions about this.

This is a different direction than what we have gone in the past, but feels like it could make a multifamily more doable here. 

Yep, depending upon your LTV, 7%-ish is doable.