1031 Exchange For Newly Renovated Property

[Michael Lipari]

Question I have that I can't seem to find a clear answer on:

I am going to finish renovating a property this spring, and would like to immediately sell and flip it using a 1031 exchange into more units. The renovation took place from late last year into this year. The property has not had any tenants / been rented out. The property was bought under my LLC.

Is there any Legal Consequences I may run into by attempting this?

Thanks in Advance.