. - 6.62 acres- Backs up to 1,000+ acres of public land- Close to casinos, Traverse City downtown, numerous fresh water lakes What made you interested in investing in this type of deal?

Your plan to get into an MFR and 1031 exchange it to what you want is interesting - but the cautions raised above regarding that are very important to consider if that still is your plan.  1031 exchanges are a nightmare of physical restrictions that the government thinks will define and regulate your 'intent' - as they see it.But you and your wife are in a very good situation as W-2 earners for this very interesting side reason:  your benefits plan!  

Price are continually driving up with low supply and high demand with how many people are both looking to move here physically or moving their money here.

So, a linking of the built/physical space of properties/planning with the social space of people with some mediation via technology. 

I found a great cloud-based brokerage that will allow me to train without physically being in the office taking leave from my military position.I think about finding a brokerage like going shoe shopping.

In general, investing at the business level (marketing, prospecting, hiring, software, masterminds, etc) will drive growth more than solely investing in physical real estate.

The next stage in the matrix is called land development which consists of horizontal physical improvements like grading soil, installing wet and dry utilities, street improvements and flatwork (pouring streets and sidewalk, etc.). 

I have a lot of land leads, but they don't have a physical address, only a TAX ID.

Option 4 can only work if the exchange funds are used to buy the real physical property that the business uses/is housed in.

That deposit does not have to be all cash, it can also be a pledge of some other asset such as a car.Lastly, if your last tenant left you with damages (either physical damages or failed to complete their lease obligations), the security deposit you kept may or may not have covered that loss and you should be entitled to seek a judgement against them for monies still owed.