Devon:You do need to see your accountant.I'm not 100% clear on where you would like the income to be taxed, but if it is earned in the jointly held company, it will be taxed there.The retained earnings could then be paid out to the share owners as dividends (hint each of you should hold a separate class of shares).  

Found this in another thread on BP:If it is privately held you may run into issues with the privacy policy of the company.

Was interested to see if your assertion that CA buyers are more likely to 'park' money into properties held up against the relevant data.  

Have they met all other requirements?

A parking arrangement is designed to “park” the desired replacement propertywith an accommodation party until the taxpayer arranges for the other steps of 1031.The safe harbor provides that the IRS will not challenge the qualification of property as either replacement property or the treatment of the accommodation party as the property owner under the like-kind exchange rules, if property is held in a qualified exchange accommodation arrangement (QEAA).

If you held it, do you have capital to continue to grow your REI?

https://www.idahostatesman.com/news/local/community/boise/article230370974.htmlCaldwell Urban Renewal Grant – American Food Equipment expansion at Sky Ranchhttps://www.idahopress.com/news/local/caldwell-urban-renewal-gives-nd-job-creation-grant-to-food/article_a3d5ff6d-a6f3-5ca1-8e5d-444350d71aca.htmlNew Downtown Mixed Use Project: https://boisedev.com/news/2019/05/14/5th-grove-apartments-boise/Potential New Distribution Company in Caldwell https://www.idahopress.com/news/local/firework-distribution-company-eyes-caldwell-property/article_da8ad0fb-6083-59e9-9234-4c544df98b0f.htmlOlder article but the project recently held a ground breaking ceremony: https://www.idahostatesman.com/news/local/community/west-ada/article222811955.htmlFurther info on Karcher Mall redevelopment: https://www.idahopress.com/news/local/california-company-buys-karcher-mall-plans-m-multi-purpose-development/article_b29c9b0c-b12f-54c7-898a-433d52db456b.htmlMajor Industrial Portfolio Acquisition: https://boisedev.com/news/2019/05/16/one-of-the-largest-deals-ever-new-firm-buys-big-portfolio-of-valley-buildings-and-land/Idaho Unemployment Remains Very Low: https://www.idahopress.com/news/local/idaho-unemployment-rate-under-for-th-month-in-a-row/article_4941e062-7de2-5b65-a205-60664a477106.htmlCaldwell Looking to Support Entrepreneurs Downtown: https://www.idahopress.com/news/local/caldwell-looks-to-potential-downtown-innovation-center/article_0d4226d7-706a-5b3f-9cd6-529b41b0d85e.htmlBrookings Industry Report shows some potential headwinds associated with the Boise area’s recent growth.

—For liabilities created Outside the property portfolio, some other personal liability....that’s where I was saying the “anonymity” falls apart....working backwards, tracking the llc’s they have an interest in, the llc returns/k-1’s would turn up the real estate held in the land trusts.But, to each his own.

So if I held a property less than a year I would only pay ordinary income tax rate correct?

Does that mean that the inspection needs to be done in 2 weeks or LESS from the end of lease, i.e the lease ends on June 30th, therefore, the inspection needs to be held any time from June 15-30th.