Properties listed for a 1031 exchange

[Cassandra Brown]

I'm feeling very nervous about trying to complete a 1031 exchange for a property in San Diego county which has not yet closed.  I was planning to buy some much less expensive duplexes in my home town in Wisconsin and perhaps another in Burlington, Vt where my daugher lives; but having had one potential purchase fall through at the end, I'm worried that I won't meet the requirements to put all the proceeds into other property.  The tax bill matters to me in terms of future rental income. 

Could I list the properties that my children own as homes and purchase from them, if it came down to not having enough listed properties actually close?  Using the 200% rule I could list potential properties and then duplicate with properties that I know I could buy (temporarily)--is that a viable option?   Or, should I look into Delaware Statutory Trusts and if so, how would I do that? 

Right now the buyer of my San Diego property has had an inspection and offered an addendum reducing the price based on that inspection--does that mean I can cancel the deal? 

I think this might be too stressful for me...I don't feel I know enough to properly proceed with any of it, but I might already be stuck in the process.

[Alex Olson]

@Cassandra Brown - you can cancel the deal, I believe, at least in the state of MO. If they want to renegotiate, you say no and that you are selling as-is and not making any repairs - that is if you truly don't want to sell it. 

@Dave Foster May be able to help on the properties you can identify for your exchange but I think family members are excluded as replacement properties?