Consult with a tax professional familiar with your state's laws.The Biden Administration's proposed FY 2024 budget includes the creation of “capped deferral” for 1031 exchanges.

Readers are advised to seek professional advice.

I am a professional athlete and do not necessarily know which city I will be in next year.

In any of these situations, as control of the parent company passes from the entrepreneurs who founded the company, to the “professional” managers who will run it, the deal will become worse for businesses relying on the parent company for their survival, with each successive management team taking a further larger bite out of the profits. 

Do you have real estate professional status?

There's a pretty steady pool of healthcare professionals coming to the area for 3 month contract work.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

neither the real state attorney hired to create the LLC nor the CPA mentioned anything about tax implications when the company was created, I feel the 'experts' I paid for this services let me down.any recommendations, or options to minimize the amount of money owed?

Hire a tax professional to help set everything up. 

Currently, i have thought of hiring a lawyer to draft a lease, but it seems they make it as long as you want it.