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• You can acquire replacement properties that will be built for you. However, the construction project must be at a point for all of your equity to be used up and the fair market value equal to the sales price of the property(s) you sold when you acquire title. Completion of the construction project out of your own funds after title passes to you is acceptable.
  
  
• Although it is not built, during the 45 day identification period, you must identify this property in as much detail as possible. Also, at the time of acquisition, the construction project must be substantially the same as it was at the time you identified it in detail. Only "usual or typical" construction changes will be allowed.

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