Previously we have rented the whole house to one group - it's great for friends, multi generational situations, etc. 

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.

I’m in a similar situation up in Broward. 

Mainly I have a current situation where owners are negligent in providing their proof of insurance.

What would you do in our situation?

However, managing our out of state nightly rental takes more than a text or two and not worth the stress in my marriage to have to keep dealing with little and big issues that come up.

We were trying to help out a friend of a friend get out of a bad situation, blah blah blah.

In terms of yields, capital appreciation, and taxes.I was considering Dallas TX and Tampa Florida as of right now because I feel they're both strong markets and favourable tax situations.

No stress or labor, and we each just get a K1 at the end of the year for taxes.Keep us posted on what you decide!

It's great to see a post with actual common sense on here regarding this NAR situation.