Flip income ("Real Estate Dealer") is classified as ordinary income and as a result not eligible for the Section 121 Exclusion.

Great for me, however, I do see a clear gap forming in affordable rental communities for families who income cannot keep up. 

@Jonathan Schwartz, you and your accountant might look into a drop and swap scenario. 

I been investing since 2017 and my rental income is 100% of my income.

Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as tenants in common, can A & B essentially switch over the rental income to B, whereby B reports all rental income and expenses on their taxes and A reports no rental income and expenses?

Currently working on analyzing leads accurately relative to rental income and interior of property when determining offer price. 

Brand new to BP other than listening to many podcasts.Self-employed and have been using most extra income to reinvest in my business to grow it.

The rate depends on how long you've owned the property and your income level.3.

Compare average rental rates to ensure the potential income will cover expenses and provide a good return on investment. 

However, this requires careful planning and adherence to 1031 rules.Holding and Renting Units:Retained Units: For the units you retain (one for your business and one for rental income), you will continue to benefit from rental income and potential appreciation.Depreciation: You can continue to depreciate the retained units, which provides additional tax benefits by offsetting rental income.With these considerations, this approach allows you to leverage the benefits of a 1031 exchange while maximizing the potential of your investment in the commercial property.