The second and third identified properties are merely identified as back - up like - kind replacement properties in case you can not acquire the first property. (exeter1031.com)
It's important to note, you can add additional cash into the acquisition of replacement property. (profitfromrentals.com)
The second scenario is virtually identical to the first scenario except that you acquired the investment property as your like - kind replacement property in a prior 1031 exchange transaction. (exeter1031.com)