You don't need W2 income, tax returns and no one is looking at DTI.

Get on your tax GIS system by county or city.  

EVEN IF they could find qualified candidates to hire, do you think the people of Jefferson County are going to vote to increase their ad valorem taxes so the Sheriff's department can hire more deputies to serve more eviction notices for so-called rich investors?

Hopefully I didn't misquote them.LLC: Liability protection and potential tax benefits.

I plan on reinvesting the profits into another new construction, so I'm wondering if I can do a 1031 to avoid paying the capital gains tax.  

So long as you mean your name will be on the note and the mortgage at a sensible LTV, with proper lenders title, fire, and liability insurance, and so on, then you have safe and direct recourse to the property.If by “invest” you mean a membership participation in an LLC of some sort that flips or “stabilizes” the property, then you are completely unsecured with no recourse to anything.

Consider the cost of the property, mortgage payments, property taxes, insurance, maintenance, and property management fees (if applicable).

Hello - I have a somewhat unique situation that I am unsure how to best claim on our jointly filed tax return.

Thank you banks will not come to collect, but transferring from personal to LLC typical is a false sense of security from liability as in most instances it is not done properly.

The IRS allows 1031 Exchanges to defer taxes on what they consider to be capital assets.