1031 Exchange of CA to CA, then from CA to out-of-state

[Elizabeth Goff]

I am selling a property in CA with a pretty hefty gain (great!) and would like to do a 1031 exchange to avoid cap gains taxes.  I think the opportunities outside of CA are better from a return standpoint, but am hesitant to go there due to the CA clawback provision.  I am thinking about exchanging into another CA property for now (and avoiding the cap gain taxes of upcoming sale), and then a year or two later I'd sell that property and then deploy that money out of state.  Presumably my gain will be much (less) on the second sell transaction in CA.

Are there any regulations on how long I must hold my 'new' CA property before selling it (and going out of state) to avoid CA taxes on first transaction?  Or any other considerations I need to be aware of?

Thanks in advance for any perspectives....