I understand this is a good way to become financially secure over time and am eager to start.  

Once the construction of the business building was far enough along (but no more than 180 days) that the price of the land and the amount of improvements you make on it are equal to the sale of your old investment property you take title to it and that would complete your 1031 exchange. 

Though many investors bend the rules and possibly don't get caught, you have the financial situation to do it correctly.

The real issue that can and has reoccurred more than anything else IMO is that the original seller cannot just waltz out and get a new loan after their credit has improved.

If that is the path moving forward we will be left without a home as of 9/21/24 which will create incredible financial, mental, and physical stress on our part.

You just have to be careful because some sales agents will just advise you to over improve the property because it makes their job easier.

So you have bad financial terms working against you along with finding properties, making deals, getting financing etc Secondly - for me it's time consuming.

I wish I could say that I'm venturing into real estate investing for some benevolent purpose like providing low-income housing for the needy... but financial gain is certainly my angle lol.

This ensures you lock in better terms based on the improved cash flow.

No improvements have been made, but nothing has deteriorated either.