If this seems like an avenue you're interested in there's a PassivePockets conference in Columbus this May, it can be hard to find syndication conferences that is geared toward LPs (the passive investors) aren't actually just a sales funnel for one particular group 3.

Additionally, you may be planning on living in this future home for some time. 

Go to this link, the IRS Form 1065.

Do your homework, build a team, and avoid analysis paralysis.  

I found a listing in Northern California on Zillow that is vacant land with approved plans for building a home.

The IRS may view this as a change in ownership, potentially disqualifying the exchange.

@David Avetisyan If you sell your home for $510K and provide a $10K seller credit, your taxable gain is based on the net sale price of $500K ($510K - $10K credit), as seller credits reduce the gross selling price for tax purposes.Tax Impact in CaliforniaCapital Gains Calculation: Your gain is the net sale price minus your adjusted cost basis (purchase price + closing costs + capital improvements).Primary Residence Exclusion: If you’ve lived in and owned the home for at least 2 of the last 5 years, you may exclude up to $250K (single) or $500K (married) under IRC Section 121.California Tax: Capital gains are taxed as ordinary income at rates up to 13.3%.The $10K seller credit lowers your taxable gain.

I still made it work, but man, it was close.Has anyone else been blindsided by something in a deal like this?

Around here they range from $35 to $300 so that would be my first question!

I usually don't do this.