A 1031 exchange is a coordinated transaction across several professionals, not one person's job. What the qualified intermediary, the attorney, and the CPA each handle, and where gaps appear.
Both methods generally produce the same total depreciation. What changes is the timing. How cost segregation differs from straight-line, when acceleration is worth it, and when it isn't.
Your booking platform may remit state sales tax and still leave county tourist tax entirely to you. Why the gap goes unnoticed, what to confirm per property, and why counties actively enforce it.
A blended P&L can look healthy while one property quietly carries the rest. What a combined total hides, where per-property numbers change real decisions, and what the tracking requires.