@Cindy Cheng, Any tax paying entity can do a 1031 exchange. 

I'm still thinking about whether or not I should create an LLC, so of course that has me stalling on opening the new accounts because I am unsure if it should be in my personal name or an entity I have yet to create.

Layered entities can be tricky as most lenders will want to see a paper trail to show you have at least 25% ownership. 

Seasoning will begin on whatever date the deed is transferred into your name or your entity's name.• If the property is currently in my name can I still close in my LLC?

I have set up a holding LLC in WY and plan to put my CA and TX entities within the holding LLC.

So the rules are different for different entities. 

Borrower wants to finance through a remote entity without personal guarantee  

So it’s in your best interest to maximize profits in the rental property and minimize profits in the property management company The tax implications depend on the specific entity and there are other situations in which these rules apply.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

@Steve Vaughan  Taxing at 3 x for out of state entity I wonder about the downstream effects of that.