1031 exchange residential land to investment property

[Chris C.]

I purchased a piece of residential land on 2021-01-27 to build on and eventually be a rental property. I'd like to sell it and purchase a built property and have that be the rental property. I will sell the land for more than I bought it for and I'm not sure if it's even been long enough or if capital gains tax even applies, and if so would I be able to use a 1031 exchange?