Do I need to rent it out again for a full year before 1031 exchanging?

If I move back in and cash out refinance then rent out again and 1031 exchange the house, what is the effect on the 1031 exchange?

I just started a group on facebook that is for local investors to talk and exchange information, deals, etc. its called MOV Real Estate Investors. 

I was granted an experience to do a nearly million dollar property exchange last year.

Basically, instead of paying the PMI monthly like most people know, you can pay in a one-time lump sum, or you can have the lender pay it for you in exchange for a slightly higher interest rate. 

@Austin Works yes you can if the syndication has a TIC structure for exchanges. 

The seller would sign a deed transferring title to you at the date the agreement is executed and monies are exchanged.

For this reason, what do you guys think about me giving them an equity stake in the house, in exchange for a smaller amount I'd give them monthly for helping me out?  

Land contract is simply the owner is giving me equitable interest in the property in exchange for a downpayment (in this case it is $0) and a monthly payment (in this case it is his mortgage payment).

Could we possibly still do a 1031 exchange or is it too late now?