Fix n flips and new construction where your intent is primarily to resell do not qualify for 1031 treatment.There is no statutory holding period although most folks feel that anything more than a year is perfectly fine. 

idk, i feel like there are necessary details missing here. but i'm also wondering if it would make sense to just reallocate the percentages based on what each person is bringing to the table. it would've been easier if you did have an LLC whose operating agreement you could just change. there's also the 'lazy' 1031 or 'reverse' 1031 where you just make the sale, then strategize with your cpa on how to offset the cap gains for that year. also worth noting: 1/3 of something is better than all of nothing. it sounds like it's not really that partnerships aren't working, it's moreso that you feel like your % is no longer fair? 

Northeast Florida can offer some fantastic opportunities for cash-flowing properties, and networking with fellow investors here on BiggerPockets is a fantastic step in the right direction.As you prepare for the Rookie Boot Camp in May, here are a few tips to help you make the most of your networking efforts:Participate in Discussions: Feel free to join in on discussions, pose questions, and provide your opinions or experiences in the forums.

@Parker ErnsthausenYou should investwhere you feel you have a competitive advantage.

Your PM should be a market expert and able to answer your questions.2.

Feel free to send me a DM and we can crunch some numbers.

Certainly, consider the feelings, but prioritize the facts.

We attend local town meetings and have great relationships with the towns we operate in, which seems to help a great deal, but it still feels like STR's are at the mercy of decisions made by local governments.

Feel free to shoot me a DM and we can chat about it, I'm also a multfamily househacker so I have a good idea of where your head might be at. 

Do you feel safer?