The plan is to make a quick purchase and refinance, installing a new well.

so it sounds like you're planning to buy properties that won't support the debt and expenses as standard long term rentals, but will if you rent by the room?

Do you plan to live in one of the units or prefer to keep it fully as an investment?

Take into account what you're saving in rent (or not), how you're able to improve the property, and your plan moving forward. 

It'd be a complete fragmentation of the trade association. 

My wife and I are planning on moving next year and we want to keep this house as a rental.

I plan on reinvesting the profits into another new construction, so I'm wondering if I can do a 1031 to avoid paying the capital gains tax.  

Hi hope you are all doing great, I am planning to pull out some equity from my primary residence (California) which has been fully paid off.

Last year, I spent over a month there (Tulum + Bacalar), and I plan on spending at least 2 - months a year going forward. 

This poses a challenge because one of the requirements for a 1031 exchange is that both the relinquished property (the property being sold) and the replacement property (the property being purchased) must be held for investment or used in a trade or business.If your client's mother purchased the land less than a year ago, it's unlikely that it would qualify as replacement property for a 1031 exchange because it hasn't been held for investment or used in a trade or business for a sufficient amount of time.However, there may be other options available to minimize the tax implications for your client and his mother:Hold the Property Longer: If your client's mother holds onto the land for a longer period of time and can demonstrate that it is held for investment purposes, it may become eligible for a 1031 exchange in the future.Consider Other Investment Properties: Your client could explore other investment properties that have been held for a longer period of time and would qualify as replacement property for a 1031 exchange.