Leveraging 1031 Exchange for Florida Properties

[Lara Witter]

I have 2 Florida investment properties- in St. Petersburg and in Orlando- that have negative cash flow (due to flood insurance costs and rehab), but have experienced a lot of appreciation since 2015. So, I am looking to do a 1031 exchange for each.

1. In St. Pete's: $340K net sales price, no loan, $28K of depn

2. In Deltona, $165K net sales price, $22k depn

How do I best leverage these assets /proceeds into more investments in other states? I'd like to buy 2-4 more properties.