Then it will be owned by the MM LLC and as the taxpayer, the LLC will have to sell and buy in order to complete the 1031.Your acct. should be able to help you with this pretty easily.

I have completed well over 200 deals…and I am still learning new stuff every day! 

After completing the inspection, we decided to back out of the contract as the property had some red flags in the work that had been done on the property.

Also everyone on BiggerPockets who has motivated me or simply gave me advice. 

Morris is as this person stated a scam is that on its face 40k turn key homes in major metro areas are simply not assets that will perform as Mr.

@Eric Michaels   was their a PPM offering document that spelled out what the BP could do or not do.or is this a LLC with them as managing member and all you  investors as members.If its the later I ran into a company that sounds a lot like this.. and when I queried how many members could be in the LLC they obviously did not know and said 100 if they wanted to.Well this is simply not correct you have security issues here ..

Got the termite treatment done with some help, carpets removed, bathroom demoed, measured for windows and doors, working on putting a complete bid package together for Home Depot (If you spend more than $1500, you can request them to give you a bid price which is usually a bit cheaper). 

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

If you do want to go through each input, simply click to expand costs, and they will all appear. 

The easiest way to do that would be for your tax payer and their taxpayer to complete the 1031 as tenants in common on the new MF property.