How to qualify for a 1031 exchange

[Jon Abbott]

I purchased a property in July 2021 with the intent to BRRR, so I have owned the property for over a year. However, I've decided to sell because interest rates have skyrocketed and the market in this area has gone up significantly. How long do I have to rent or attempt to rent the property before I can qualify for a 1031 exchange given that I have already owned the property for a year. I understand that I also would have to meet other deadline criteria (especially 45 and 180 days). Thanks for your help.