Hi Connor,I am in the same boat.

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

and deal with power lines, water lines and sewer, maybe seal the well. 

If your land can sustain a data center (power requirements are huge) then the land would sell for a pretty penny.

It's an incredibly powerful hack if you do meet the criteria.In other words, marry a real estate agent who's an RE Pro!

We are in the same boat here in New Jersey.

With that capital, I’m planning to either dive into a larger multifamily project in Detroit or grab a small duplex or quad in San Francisco.To reach that $500k mark, I’m leaning on the power of cash-out refinancing.

Read a few books on real estate investing to learn the power of leverage.

Another throws around the made up terms like “snowball” and “infinite” as if they have some magical power to rewrite the rules of finance.  

Or I can make it a gravel lot, put up a fence, and call it boat and rv storage.