You can read my story of how I did exactly this combination of 1031 to 121 and ended up with the sailboat of my dreams raising my family on the sea for a decade at www.the1031investor.com . 

@Juan Alvarez Think BIG and follow your passions and dreams!

Put on your dreaming cap.  

Sometimes a pro-forma is just a sellers hopes and dreams, proof the projections against reality. land sales usually don't spin off these types of returns unless they are in or around resort areas or major metropolitan cities where new construction is coming, not sure how a mountain would play into that scenario unless it's mountain cabins.    

Basically, the son has real estate dreams, the family is very wealthy, and this is their way of teaching him how to build a company.

I would dream of the day I would give my boss the 2 week notice and my cashflow was double my W-2 pay or I had a net worth close to 1 million USD.   

Dream bigger and 10X your goals.

its really nice to know that there is a place where there is people that are willing to take the time to help you...... achieve  your dreams, thanks again!!

You will be helping a young man make their dream a realityThank you, thank you so much in anticipation :)Ife

I have 1 rental property that I self managed for about 5 years now but have dreamed about investing for about 15 years; the time for dreaming is over and the time to learn, help, and act is upon me!