Quote from @Olga Daisel: You offered to terminate his agreement early in exchange for three months of rent.

We did a 1031 exchange to roll the money into our dream home.

I’m comfortable sacrificing a bit on revenue in exchange for steady cash flow, lower expenses, and fewer headaches.However, if you come across a standout property with a pool and great amenities in Scottsdale, it could be very beneficial during spring training or for bachelor/bachelorette parties.

It's a very common mistake where an investor sold and bought properties and then when it's tax time they find out they didn't do the right process to actually qualify as a 1031 exchange.  

You do a partial 1031 exchange or not at all ( pay the tax ) and invest in value add turn around deals with a syndicator or on your own.None of what I have posted here is legal advice.

With that money we would like to do a 1031 exchange to continue growing her portfolio.

Hey John I am just new to wholesaling and I want to start wholesaling but every video I saw or book I read on wholesaling says to not mention to the seller we are wholesalers, but probably is better off for everyone to be honest about what I am trying to do with the property, no matter if I am looking to assign it, do a 1031 exchange, use it as a rental, etc.

Sometimes players need physical therapy (rehab), some need more 1-on-1 coaching (optimization/advertising) and some to be traded (1031 exchange).

I think you will run into a related party issue rather than an LLC issue in regards to the 1031 exchange. 

That kind of balance is crucial, and it sounds like you've got a solid foundation for success.Looking forward to hearing more about your journey and exchanging ideas here on BiggerPockets.