@Adam Britt, don't worry, you'll be fine.My comment earlier about seeing a lot of $10K is somewhat tongue-in-cheek.  I

Or, you can 1031 Exchange into the Replacement property using the same LLC and then, 1-year later dissolve the existing Partnership allowing each partner to go his/her separate way.Having a Partnership isn't a bad thing, but it can get complicated if a Partner suddenly wants (divorce etc.) out and forces the sales of the property where the disgruntled Partner won't be conducting a Partnership 1031 Exchange resulting in your ability to 1031 Exchange being eliminated and bingo, Tax Time.

Bingo. 

Bingo.

Throw em in the skip tracer and bingo!