Hi@Dennis NikolaevFrom May of 2015 until Sept of 2017 1031 exchanged and traded all Condos for a 24 unit, 21 unit, 15 unit, 12 unit, another 12 unit, a 10 unit and an 8 unit.  

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.You don't need a tax lawyer just starting out.

Most are used to trading 2bed/2ba 1000sf condos which are ubiquitous around here.

Apparently since 2012 it has not been necessary to prepare 1099-MISC's related to rental activity unless the activity is a trade or business.

What makes you want to hold it long term being that it's only 12 units rather than sell after raising NOI and trade up to something larger?

The liability of operating an illegal unit can have terrible consequences.  

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

You want an advisor that can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.You should also look for a Fee-only advisor who is not going to sell you a product and/or try get a commission.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.