Can an owner 1031 exchange a contract for deed?

[Justin Hennig]

Probably an ignorant sounding question: Can a property owner 1031 exchange out of a contract for deed once the contract is fulfilled? I'm talking about buying to The Owner of an apartment building who owns it free and clear and is afraid to sell outright without doing a 1031 into something else. The real fear is paying taxes...I'm trying to work out a contract for deed with them, which would somewhat lower my need for a large down payment. Could they 1031 out of the CD when I refinance and buy them out of the CD? Thank you!