Here's the article I'm referring to. https://www.biggerpockets.com/renewsblog/2015/09/24/1031-exchanges-real-estate/

You might try this article @Brandon Turner wrotehttps://www.biggerpockets.com/renewsblog/20-books-...hopefully the link works.

Here's a link to a TurboTax article that explains it pretty clearly: https://turbotax.intuit.com/tax-tools/tax-tips/Ren...And a link to the IRS page on the basics of depreciation: https://www.irs.gov/businesses/small-businesses-se...Hope that helps!

When my lawyer executed the judgment, he found no physical assets to take.

Understand that a property with awful tenants, neglected physical condition, and the inability to inspect isn't going to make selling this place easy for the owner.

The article mentions taxes gained and lost - is this the place to factor in taxes paid on the income from the property (is that taxed at a rate of ordinary income?)

Did you see this article too?

Do you all study up on the properties being auctioned or do you have time during the auction to look at the specs (minus physically stepping into the house of course)?

The LLC buys the property and the profits are dispersed as defined in the articles of incorporation (agreed amongst all).

However I realized that I need a physical address in West Virginia in order to use to establish an LLC there.