So there might not be enough gain to need a 1031 exchange.If there is enough gain to justify the 1031 exchange then simply treat your replacement property as you would any other investment like @Daniel Osman said. 

I sent you a connection request but you can also grab a time by clicking on my website link in my signature line.

I am trusting you have it set up with a service. 

I was going to bring up that the seller financing doesn’t matter if you plan to get a construction loan as the seller financing will have to be paid off. 

3) Is there an official IRS form where these hours are documented, or would an excel file suffice ?

I agree with the others.   

The problem is the Board.

Take advantage of all the information available to you.

There is no one with experience in actual real estate high up in the company, which is the problem with most tech companies masquerading as real estate companies (including brokerages).Let me know if you want to know even more. :)

I was actually googling and saw this post pop up about safeguard so I figured I would jump into the conversation.