At one time I had over 2000btc, sold a great deal when while was under $100/btc to start my rental business.

In CA, you are legally required to have a CA LLC if you are "conducting business in CA".

My business partner and I actually own a portfolio of STR's in the area, so if you wanted some insight on that business I'm happy to share as well!

Your new place should turn into your new business location as well. 

So back to the drawing board, but for myself the big takeaway is to continue on the course that I set out on and too continually learn and stay involved with goals that I set out on and to stay focused.

First, focus on building a strong network—relationships are key in this business.

You will find that every PML has a different business model.  

Give your state's 'cure' term ("In New Jersey, a tenant has three business days to pay rent and court costs after a judgment of possession is issued to avoid eviction.

And of course, take advantage of the tax benefits along side my current business income.Viability of the idea?

Therefore, you don't need to use a 1031 exchange; you can take as long as you wish to find and then buy another property.The only exception is if there is debt on a property, in which case there will be some UBIT (Unrelated Business Income Tax) implications.