Do I still have time to start an exchange with a qualified intermediary or am I better off just paying the taxes?

Any tax implications, etc?  

@Anx Carter Your safest bet is to have your CPA/tax professional determine the land value.

Tax benefits (depreciation and expenses) - this gives you more money near term by reducing taxes.Of the 4 I listed, 2 are money now, 2 are money later.

This is using updated data from the MLS and Redfin.Median Sales Price: $382k (down 2%)Median Single Family Price: $433kMedian Townhome Price: $333kMedian Condo Price: $270kAverage DOM: 35Number of Homes Sold: 296 (down 6%)Homes receive 2 offers on average.19% of homes sell above asking still.Average Sale-to-List Price of 98%67% of homes utilize a price drop to attract buyers.The most popular neighborhoods were:- Brier Creek- North Hills- Downtown- West CaryAccording to CBS News: "Raleigh is #2 hottest real estate market in the US, Durham is #4, according to 2024 rankings"Inventory is still below the "norm" but significantly higher than it has been in recent years.

I wanted to form a new multi-member LLC Taxed as a Partnership. 

If you purchased utilizing any sort of financing, you may not have enough equity to tap in to pull outto connect!

Asset class conversion creates an opportunity for Massive value-add, creating enough value for a cashout refi, allowing for millions to be taken out without a sale, which means no Capital Gain, which means no taxes.

Your resident state CA will tax all of your income, including out-of-state gain.

You will have to pay up the property taxes.