I wanted to briefly re-introduce myself (I’m committing to get more active in BP again!) 

Quote from @Yewhna Tefery: I’ve been interested in investing in real estate for years, and I’m finally fully committed to making it happen.

This is all brand spankin new for you, and your struggling with committing.

And the plan is to convert an existing Airbnb I own (and have run as an Airbnb since 2019) to PadSplit.

In my opinion, if you're not prepared to treat it that way or can't commit fully, you may want to consider a different route for generating income.

We are committed to building long-term relationships with our clients. 

@Eric Van Laar  Before I commit capital or meaningful amount of my time anywhere, I need to experience the neighborhood firsthand.

If the LLC drops the property to individual members and immediately sells, that’s where things can get uncomfortable.Many QIs and tax attorneys prefer seeing a seasoning period post-drop before the exchange, which doesn’t always line up with an imminent closing.If one partner doesn’t want to exchange, sometimes it’s cleaner for one partner to cash out and recognize tax, while the other plans a straightforward 1031—depending on structure.Since your CPA hasn’t handled one before, I’d strongly suggest looping in a 1031-focused tax attorney or a very experienced QI before you commit to this path.

Quote from @Giovanni Choisne: Quote from @Sabrina Speights: Hi Giovanni, The most important step for me was committing to pinning down my buy box.

I wouldn't say that I am only committed to Cincinnati, but rather I am more familiar with that market.