I do see how moving the properties around could complicate your accounting. 

@Norma ContrerasLots of complicated answers here.

You should be able to easily qualify based on your credit score, it has an extremely low down payment and they'll include the construction budget.I'm not sure if your ownership of land will complicate your qualifications, but I doubt it.

It is more complicated and there are more costs involved, so most investors try to structure the regular Forward 1031 Exchange like you have described.  

Originally posted by @Karl W hicks:thanks for the advice dave Ive already been talking to cheryl in your office and hoping to find a deal there in toledo but Iam very green so im not she was aware that i would need a tremendous amount of guidance and we havent been able to come up with anything yet but please let me know if you have any properties you think might be a good fit     Why over-complicate it.

Am I overly complicating this or could these types of considerations potentially turn what seems like a mediocre deal into a good deal, as an example? 

The only risks with these type of buildings is complications to re-building in a total loss fire etc. through insurance.

Perhaps such as Roth IRA...Just realize that the calculations get more complicated... 

If you have a complicated structure with multiple people, an attorney would be better.

In that circumstance, special rules under IRC Sec. 732(c) will apply.For property received in a nontaxable distribution, a partner's holding period includes the partnership's holding period [IRC Secs. 735(b) and 1223(2)].This is a complicated issue.