The young woman applicant works in Melbourne at a treatment center, makes decent money but also has documented trust fund income. 

In an event of bankruptcy, LROs would be paid off by the real estate and Notes would be paid off with the Company's assets.There is no preferential treatment to either - there is no order of payment.

The properties must be held for rental/investment purposes in order to qualify for 1031 Exchange treatment.

Ever see a treatment center during a smoke break?  

I understand it can make you wealthy, but so can real estate and probably a lot faster with better dividends (cashlow) and tax treatment.

The tax treatment of the business partnership is the same whether the business partners are married to each other or not.

Variances are allowed in pricing as common for the area.Then look to appraisal guidelines as to the treatment for excess land, the value diminishes as excess land increases for lending collateral value and as to market in residential uses.

They have touchy, picky macerator toilets; many areas and marinas are strict (NDZ) no discharge zones so you can't use an onboard waste treatment system - instead you have to use a tank and have regular pump outs.

There are a couple of Kiyosaki videos you can find on YouTube that go into the different treatments of W-2, portfolio, and passive income if you want to watch those.

There is a letter that was sent to the campaign which refers to an analysis:Letter: https://www.1031taxreform.com/fea-sends-letter-to-biden-campaign-regarding-the-importance-of-like-kind-exchanges-in-stimulating-the-economy/Analysis: https://www.taxpolicycenter.org/model-estimates/former-vice-president-bidens-tax-plan-march-2020/t20-0074-former-vice-presidentThe analysis makes mention of "certain tax preferences for the real estate industry," which one can assume is 1031 exchanges, but might also be depreciation, TPR, changes to passive income treatment, etc., but cites no sources.