1030 from empty lot to SFR possible?

[Garen T.]

For the past 2-3 years, I've been under the impression that if I wanted to do a 1031, it had to be for Like-Like property. And that if I wanted to move the profit from a residential building lot, with no home on it, to a finished or under construction home, that I would it would not fit the like-like rule.

However, I just got off the phone with the person who helped me with the last 1031 I did, and she indicated that as long as it was real property, purchased for investment only, that I could use that as a valid 1031. 

Does anyone have thoughts/knowledge on this?

Thanks

Garen