Identifying properties in a 1031 exchange

[Almaz Hayet]

Is it worth your while to identify more than 3 properties in a 1031 exchange? And what would be a good reason to do that. In my situation I need to buy a $440K property(ies), and should I look for 2 properties at $220K each? So not to spread my eggs into just one basket. Your thoughts are appreciated.

[Bill B.]

If you identify more than 3 properties you have to either 1) make the combined value of all properties less than 200% of the net sale (in your case $880k) or 2) buy 95% of the properties you identify (in your case most likely all of them unless you plan to identify 96 or more properties.)

Correct? @Dave Foster