You could form an LLC and recognize the income (and respective expenses) through that entity... but it would yield the same result.

Now, I recognize that every MLS is different, and I am speaking particularly about the Southern Arizona (Tucson) MLS, however I believe most MLS's offer similar opportunity. 

They all sound pretty much the same....draw people in by advertising a recognized name from TV (i.e. 

Exactamundo @Mark Creason, Every state has to recognize 1031 on the federal level. 

Holding the property so as not to recognize the loss still means you are missing out on opportunity costs elsewhere. 

I’m open to all traveling professionals, but i recognize that traveling nurses/healthcare professionals make up one of the largest demographics of the mid term market.

You will not recognize the changes on campus.

If you have heard the phrase "don't put all your eggs in one basket", you will recognize that the concept applies to real estate investing as well.

Which is why newbies and probably 90% of any residential investor doesn't have a clue about the full spectrum of what needs to be recognized and that's 120% of all newbies.If you must go there, get a HUD Credit Counselor's license, your other option is the get a law degree and pass the Bar. :)

There is something illegal about it because Federal laws trump state laws and the Feds don't recognize medical marijuana laws.DEA states it's a Schedule I substance with no currently accepted medical use in treatment in the United States.The DEA doesn't want a casual user they only want the growers and trafficker of larger quantities of pot.