It took time and despite all the amazing features that tell us seems to offer, we went with the more established cozyNot exactly sure why but that’s what the team decided.

For 1031 there is the establishment of intent - not a specific time period. 

Establish value - Do this through a BPO, get the comparable sales data for that property, pictures, opinion of value. 2.

Establish your financial goals, and be specific.

The cash receipts of the Company shall be applied in the following order of priority: (1) To pay the debts and expenses of the Limited Liability as they become due; (2) To the Asset Manager of the Limited Liability Company his fees as described herein; then (3) The establishment of a necessary reserve of funds as determined by the Managers in their sole discretion; then (4) To the Members of the Limited Liability for their preferred return as described herein; (5) To the Members in proportion to their membership interest; and Section 4.03 Preferred Returns.

Best to partner with an established person that you already know who is active in the USA.

It will be capitol intensive to develop and would probably be best for established developers.

Establish an ARV ($175K)2.  

If they are you should consider establishing an LLC & taking advantage of Illinois Land Trusts for your current portfolio & future purchases. 

Second you could buy for appreciation if you ran the cal and you lose idk 200 a month but next year you break even and the year after you make 200 in a highly appreciating market it could be worth it but it is a gamble.