The new 1031 options allow non-tax benefits such as geographic diversity, zero management, etc, but at its core, the 1031 exchange is a tax strategy. Thus, it behooves a personal investor to try to understand the governing tax laws and as much as possible get comfortable with the future direction. Thus, we've tried to provide some information here. Neither of us are licensed lawyers, and you should not consider this legal counsel. However, here's our (non-professional, not licensed understanding). As with anything else on this website, consult a tax lawyer or CPA.
I've broken it up into sections:
1) 1031 Basics (Link)
2) What you can and can't do (Link)
3) Conceptual constraints on 1031 transactions (Link)
4) Directions in 1031 rulings (Link) The evolution of 1031 rulings since the 1990s
5) Hints at the future in 1031 rulings (Link Coming Soon)
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