Holding past 1 year 1 day would reduce the tax to 20% for our tax bracket.

Only got 1 of 8 properties reduced.

I'd recommend to always keep in mind 'Reduce, then Produce'. 

One other option that our folks will choose that saves a bit in exchange fees and lot in reduced stress is to pick fewer properties - enough to satisfy the exchange but buy them in cash. 

It'll also help reduce change orders/overruns because his bonus at the end is directly tied to profit...

If they want out; let them or offer a reduced rent for a few months as this time of year no one wants to move. 

Foreclosures are risky and it takes a lot of time and work to reduce that risk, but I'm probably going to repeat this exact same process when/if I sell this place.

We work with Resolute Property Tax Solutions as our agent - they take a cut on a contingency basis if they have success reducing the value. 

If your goal is to reduce that self-employment tax to a minimum, an S Corporation is the best entity to use.

It isn't the same as the liability containment of an LLP, but does reduce risk, and in my opinion the double taxation issue now rules out use of limited liability partnerships for Canadians investing in the US.I would be happy to hear others' opinions and interpretations of the tax rules.