I offered to help him out of a tight situation by exchanging the house for the debt and letting me take care of the tax issues.

I'd be more than happy to chat and possibly exchange numbers.

I'm considering notes from various exchanges, but have no method/strategy defined around how to actually determine the good from the bad. 

Hi Preston, if you look at the Cash Flow only, this might not be good deal but if you are 100% sure it will appreciate in coming years and do a 1031 exchange, then you might think again. if you are not interested in this deal can you PM me the info, I might be interested in it.

So any 1031 situation is going to involve the LLC selling the property, doing the 1031 exchange and taking title to the new property.Depending on your operating agreement you (or anyone) can buy the membership interest of the LLC and this does not affect the 1031 exchange. 

I am working on an out of state deal of a multi property portfolio in order to satisfy a 1031 exchange that I would like to do. 

We can discuss further and exchange ideas if you are interested. 

I suggest in practice it means your customers pay you $750 and $150 per year and exchange you mail them some apparently irs acceptable plan documents as PDF files and then bear little to no ongoing responsibility for plan compliance or tax law adherence.  

It might be easier to get your license and look them up yourself or partner with a realtor who will give them to you in exchange for leads etc.

Have you tried the Connected Investor Exchange?