Rehab/flipping does not qualify for 1031 Exchange treatment because there is no intent to hold for investment purposes, but is actually bought with the intent to hold for sale. 

But you have to be willing to tame the adrenaline junkie flipping side of your personality.Property that qualifies for 1031 treatment is property you purchased with the intent of holding for productive investment use. 

What do you do to mitigate or lessen short-term capital gains treatment on that $1,000,000?

Some parks you can spot a private treatment plant, or a water storage building.

Hi @Pavan Sandhu, The sale of your primary residence will not qualify for 1031 Exchange treatment.  

Noticeably better still, although the "heaviest" corner still smelled like cat urine.I was really worried about this problem but I'm feeling much better now after that first treatment.

Here are the numbers:Purchase Price: $200K (VA loan) My 2nd, and I do still have the first as a rentalVA loan terms: $0 down with 25 yearSeller paid closing costs: $8K ($1K back at closing for earnest money and appraisal, plus $2K paid to a credit card)Commission:  $6K (went to my wife, sellers agent did not receive a commission)Extras:  $1K termite treatment, $1K radon mediation, $500 home warranty for 1 yearThe plan is to finish the basement, and pay down the mortgage so just in case something happens we can refinance and rent it out.  

But your IRS tax treatment is different.

I have been research termite treatment for a week or so now and I have found a few websites that will sell Termindor to the public.

After several successive treatments the smell was neutralized.I found this article that might be a quicker solution.