Here's the latest information I've found:https://www.nytimes.com/interactive/2017/12/08/us/...The two versions differ on how to tax “pass-through” business income that is currently taxed at the individual rate of the business’s owners.

I'd ask for some pictures of their work and use that initial interaction as a filter. 

If you're looking to do this full time, find a house to flip, for nothing more than just to gain the experience of buying-rehabbing-selling it, and the interaction with contractors, realtors, vendors, etc.  

@Dave Foster Maybe you can provide some insight on how the 1031 process is impacted by a cost segregation study. 

Anyone can plug numbers into a spreadsheet or software application, but without a thorough understanding of how the numbers interact; what type of results the analysis should produce; and what is easily fixed vs a long expensive issue vs unfixable, you could loose a very large shirt.Yes, it is your shirt, but Mr.

@Dave Foster Okay, I understand why you would need to hold it longer ahhs that should not be an issue. would also give us more time to gain income off the first property.

Talk to a good QI like @Dave Foster for that part of it and then start looking at potential replacement options, including real estate securities (DSTs, TICs) if you are accrefited and pure real estate deals (single owner).  

@Dave Foster, I appreciate knowing the fees are that low and that if I initiate the process and cannot find a good replacement, I don't have to continue.  

Give @Dave Foster a call to go over the exchange - that’s the first place to start.  

This might be a good set of questions for someone like @Dave Foster.