Assuming there is no C or S corp election in effect for the LLC, then real estate held in the LLC can receive a step up in basis just as real estate held outright can.

The notes from the Fed’s last meeting (held on July 30–31) included a big reveal: “The vast majority [of Fed members] observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”TP: Keep in mind that the last Fed meeting happened before: 1) the July unemployment rate jumped to 4.3%, 2) July CPI came in lower than expected, and 3) the huge, downward QCEW revisions to jobs growth.

For a property to qualify for a 1031 exchange, it generally needs to be held as an investment or for productive use in a trade or business, which typically excludes properties built with the intention of selling.

We will choose our general contractor based upon reputation, references from my own commercial construction contacts (I have held a LA State - Building Construction license since 2001), their solvency, then finally their proposed bid.

I have a rental property I’ve held since 2019 that I’m considering selling.

On termination of the tenancy, property or money held by the landlord as prepaid rent and security may be applied to the payment of all rent, and subject to a landlord's duty to mitigate, all charges as specified in the signed lease agreement, or as provided in this chapter, including the amount of damages which the landlord has suffered by reason of the tenant's noncompliance with section 33-1341.

It seems like MA encourages (and maybe even requires) that you register with the Department of Revenue which leads me to believe it should be held in an LLC or business. 

We started a local art gallery and held events like weddings and other entertainment.

How have they held up over the years?

This property manager can be held liable for anything that is related to your property from the City. ( Making this position extremely hard to fill).