It's more complicated than a single variable complication.So, to answer your question, knock yourself out with sweat equity and amenities in the unit you're occupying. 

This is most complicated BRRR deal I've ever seen. 

The process can be complicated and costly but could make sense for the right property. 

.- LLC: If your intent is to be in the land business long-term, it's a great practice to have one of these in place... but again, I wouldn't say it's an absolute necessity (and frankly, it can add a lot of complications and confusion, especially when you're just getting started and trying to figure out what you're doing).

It's a little complicated.

If you don't know your market, then not only is it more complicated, it is increasingly risky.

@Jack B. the job change thing was complicated and unfortunately sometimes in life to move forward you have to take risk.

That can make things really complicated.

The stock market never shows that there a negate times and it is looked at very well because of it's complication of the Stock Market and contributions are higher versus Real Estate which only might have more to learn but is easier to learn the basics. 

I hate to put every question on him, but...You need @Dave Foster foster for complicated 1031 questions.