I'm also curious on this topic, less from a home value perspective and more from a STR or MTR strategy.  

@Tina L King some exampleshttps://www.biggerpockets.com/forums/88/topics/1066362-first...https://www.biggerpockets.com/forums/48/topics/220459-joint-...

👇So far, Dave has hosted live workshops packed with his latest data insights on the following topics:  ✅ February: Picking a Market for your First (or Next) Real Estate Investment✅ March: How Do Mortgage Rates Work, and Where Are They Going?

I thought their might be a website that would have this information already.Also since I recently joined BP I can post in a forum but I can't start a topic. 

https://www.biggerpockets.com/forums/92/topics/522621-morris-invest-review-after-8-months-of-ownershipread this thread and keep doing research on Morris.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

This could allow you to take advantage of bonus depreciation, which can significantly accelerate the depreciation deductions in the year you place the property into serviceIf you're considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...Feel free to reach out with questions! 

I did see this https://www.biggerpockets.com/forums/521/topics/1199508-cash... and thought I would check it out. 

I have no idea where you are going with being employees of the LLC...Just as an aside, you might want to look at this response (and perhaps some of the others):  https://www.biggerpockets.com/forums/311/topics/1159878-do-y... in this thread. 

From my topical research, Tennessee doesn't levy any state income taxes at all, so, acknowledging that I don't have all of the information, you may owe no state income tax.Also, I would like to clarify that failure to qualify to a 1031 exchange would be irrelevant to you if you qualify for the 2 of 5 year exclusion.