I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have been.

Any tax implications, etc?  

Do I still have time to start an exchange with a qualified intermediary or am I better off just paying the taxes?

Tax benefits (depreciation and expenses) - this gives you more money near term by reducing taxes.Of the 4 I listed, 2 are money now, 2 are money later.

Need help on how to obtain records from 2020 showing his old tax lien was released.

Just wondering if newly weds can still qualify for the exemption and if my wife not being a citizen will hinder any capital gains tax exemption qualifications.

Maybe consider refunding partially, like splitting the fee or something?

My questions are: Are they any implications (tax or otherwise) to my friend or the LLC?

@Anx Carter Your safest bet is to have your CPA/tax professional determine the land value.

Asset class conversion creates an opportunity for Massive value-add, creating enough value for a cashout refi, allowing for millions to be taken out without a sale, which means no Capital Gain, which means no taxes.