Want to sell the cheaper lot but not sure how to figure the taxes. 

I'd recommend getting a free cost/benefit analysis quote from a cost seg company to determine if the tax benefits would outweigh the costs.

If so, is there certain steps to take to qualify for the tax advantages?

To clarify @Jason Wray's response, monies pulled out of an exchange are called "boot" and you pay taxes on them. 

Or the option to refi in a few years and get another in the same situation, with tax free money. 

@Kim Porciuncula we manage almost 700 doors, around 100 of them S8 and have clients from 11 different countries.You'll probably also need assistance with setting up an ITIN, Michigan LLC, corresponding EIN and opening a USA bank account - we have a tax attorney that can handle all that.PM us for additional assistance.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

With the high property tax and about 10k of work needed on the home.

From Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.

My questions are: Are they any implications (tax or otherwise) if after the funds are paid into the business account and my friend writes a check to their personal account from the LLC to get his money out?