But the 1031 is only available when your intent in purchasing a property has been to hold for productive use (like you do with your long term rentals).There is no specific holding period. 

A by product, yes, but not your why.

A little more informationL Our HML didn’t want us to owner occupy, as it still was a non-owner occupied product, but had no problem lending to us in our own names, with no entity involved.

Proc. 2002-69 and 2002 C.B. 831, a husband and wife who are the sole owners of an LLC and reside in a community property state can choose whether they are treated as a partnership or disregarded entity.You have to understand that tax and legal matters are different. 1) for tax, you will be reporting on your personal return, Schedule E.2) for legal purpose, LLC is a separate entity, and it has to be treated separately from your personal finance.

Some won't lend on a residential property (less than 4-units) with a conventional residential loan product, while others will. 

@Stanley E., right, but then I lose financing options as Fannie and Freddie do not allow banks to lend to LLCs.

WE packed up and moved to E TN this summer.

I do have liquid cash reserves

A by product, absolutely buy your WHY has to be deeper than that.

Love how it looks but not happy with the product I chose.