The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

As far as LLC structures and tax strategies you should find a CPA who has experience with real estate and small business.  

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

This will allow you to put the loan into the entity or business name of your choosing.

The local economy seems to be centered around these types of businesses. 

Numbers always look good on paper but between holding costs when acquiring and renovating property, closing costs on can also add up.I am not saying it cannot be done, as I did it with about 75 loans in a very similar fashion (except I was buying NPL's and got them reperforming).

as one who grew up in the land business brokering land in Napa Sonoma Lake Mendo and humbolt counties..

In fact, approximately 40% of our business involves the Section 8 program.40%...

If you drop business and work you can bounce back.  

Was the business credit enough to put towards a deal?