Our states tenants "pay any periodic, preventive, or additional extermination costs desired by Tenant, including treatment for bed bugs, unless otherwise required by law".If they've been a problem tenant for years then it might be time to find another tenant..

There is a letter that was sent to the campaign which refers to an analysis:Letter: https://www.1031taxreform.com/fea-sends-letter-to-biden-campaign-regarding-the-importance-of-like-kind-exchanges-in-stimulating-the-economy/Analysis: https://www.taxpolicycenter.org/model-estimates/former-vice-president-bidens-tax-plan-march-2020/t20-0074-former-vice-presidentThe analysis makes mention of "certain tax preferences for the real estate industry," which one can assume is 1031 exchanges, but might also be depreciation, TPR, changes to passive income treatment, etc., but cites no sources.   

For others who want to vet the deal, more simple/predictable tax treatment and capitol calls timing a single asset deal is a clear winner in the syndication world.

My buyer knew it ahead of time so he planned for it.He ended up stripping it down to the studs, he put a roof back on the house, then he hired a company to do ozone treatment on the house.

The property will qualify for 1031 Exchange treatment as long as it has been held for rental, investment or business use. 

A friend of mine in his early 30s got hit with a $13 million dollar bill for a cancer treatment.

You don’t go to the doctor and ask them to diagnose a sore tooth, so why ask a non investor their opinion?

the politicization with treatment is nuts... no we don’t use hydroxychloroquine in my setting cause I treat the sick ones, if it benefits it’s early on. 

However, there might be some tax benefit in your situation to treat this as a partnership (LLC tax as a partnership ).For instance, this treatment could reduce a married couple's SE tax bill when one spouse has wage income above the Social Security tax ceiling ($128,700 for 2018).

If you always send pay or quit letters and always send on the same schedule (whether on the 2nd or later) you are protecting your business from charges of unfair treatment later on.