is 1031 exchange possible for a land+construction property?

[Bhushan Rajadhyax]

I have been trying to read up on the 1031 exchange rules and haven't gotten a clear answer. I currently own a rental property (condo) with a decent equity. I was thinking of doing a 1031 exchange and buying a SFR that where I will add square footage or do a land+construction project and then 1031 into a more expensive property and rinse and repeat. Has anyone tried this strategy? I am assuming that 1031 would not be a problem since construction with design, permits and the works would take about a year to complete anyway which satisfies the one year hold criteria.

Now I have read that flips or rehabs dont qualify for 1031. But if I am adding square footage and holding it for a year then doesn't it make an investment property and qualify? Any other criteria that I am missing? Would I need to establish an LLC and hold the properties under this LLC as an investment to qualify? Any suggestions, tips or corrections are welcome