A standard 1031 exchange requires that the same entity selling the property also acquires the replacement property, which becomes challenging when proceeds are split between partners.Potential Strategy: "Drop and Swap"One approach is the "Drop and Swap" method:- Convert Ownership: Before the sale, the LLC distributes the property to the partners, converting joint ownership into individual tenants-in-common (TIC) interests.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.

Hope everyone is staying indoors and healthy!

BlueOval SK Battery Park (Glendale, KY)Type: Industrial – Electric Vehicle Battery Manufacturing Campus.Details: A joint venture between Ford Motor Co. and SK On is investing $5.8 billion to build two battery plants on a 1,500-acre site in Glendale (Hardin County) (BlueOval SK Battery Park spurs massive growth in Hardin County – Here’s what it means.)

**Joint Venture Agreement**: If you are partnering with another wholesaler or investor, this contract outlines the terms of the partnership and how profits will be split.

If your mental health is compromised by looking at deals, you should stop.

Explore creative financing like seller financing or joint ventures.

This kind of community is designed to attract certain individuals that share the same values for the outdoors, smaller living, and a healthy community. 

I would imagine the LLC will have its own EIN, but we will still report the gain/loss as pass-through income on our joint tax return.

I am not saying 25% threshold, I am saying they should work or have another solid way of income and can contribute a healthy portion of the rent. 

Quote from @Havital Miltz: I do not know that if someone is in the hospital you can force them to close, I am not an attorney, but I doubt any court will find in your favor, closings do not always happen exactly on the day that is planned, even if everyone is healthy and well, the wholesaler here is not the reason for the delay so I am not sure what exactly you can sue him/her for, they are also being held up due to the seller not being wellJust give the person some time to get out of the hospital, closing will probably not happen the very next day either, this is really extenuating circumstance.