@Joe CapobiancoI might be wrong, but don't think you can do a 1031 exchange of your primary residence.

Don't get me wrong, 90% of the stuff on the MLS isn't a deal and the remaining 10% is only worth a second look.  

I'm not sure if I looked in the wrong place or if it didn't go through but I didn't see anything from you in my inbox.

Next don't rush it, it should take you 30-90 days to do proper due diligence on a commercial property, if you feel rushed then something is wrong with the deal.  

Am I reading it wrong?

One Schedule E entry, all the wayI only know this because my accountant made fun of me for sending him the forms filled out wrong.  

I know every property has its own pros and cons, but what are the odds that something goes wrong or not according to the plan?

I tell little girls just how adorable they are; I hold the door for my elders, & always let them go ahead of me (even when they take their time); & I stop to let cars out in traffic, allow people the right of way in crosswalks, & politely wave when everyone else beeps at me in appreciation ;0)To say the least some of my ways are a bone of contention for most of my Mass friends that explain to me (over, & over, & over) that my "friendliness" gives off the wrong impression ;0).

The taxes are exactly the same and if you compared the two side by side, there would be absolutely no difference between a sole proprietor and an LLC except that lines C and D are filled in on the schedule C with the entity's name and EIN and the LLC will have an additional expense each year of "Business Licenses and Annual Filing Fees"There is nothing wrong with a disregarded entity and there's no reason to go to extra lengths to have it file its own tax return, but if you're bound and determined, here are two options.1.  

Something is radically wrong here.David J Dachtera"Success is not a destination.