Given the circumstances, I’m unsure whether to proceed or back out of the contract.

The main reason is to incentivize affordable housing development.

I mean really robust and to us the money is made finding those pearls of land that can be developed

I believe there may be special exemptions around a job relocation or other extenuating circumstances.

So many population/job growth/companies moving and developing here - Intel headquarters, Google, FB, Amazon, Nationwide, Honda, Anduril etc.

These type living arrangements are primarily short term until user circumstances change

It will help round you into a more complete individual as you continue to develop and mature.

@Andrea Lucarelli - We are converting our planned airbnb into a mid-term rental here in Chicago because it got denied by the city because supposedly its in a "planned development area". 

If you opened the exchange with the intent to hold the property for investment, and then in the future circumstance changed which caused you to reconsider the use of the replacement property and convert it to personal use, then a period of time less than two years might be reasonable.  

Here’s an example of one of our current developments:- A development with 7,190 total linear feet could accommodate 119 homes on 60 ft lots.