1031 exchange minimum value?

[Anthony Alexander]

Hello,

I want to sell a SFR in a 1031 exchange to put towards a 12 unit CMFR and finance the rest. A conservative estimate for the value brought to the exchange is only about 150k after paying off the existing debt and sale closing costs. I'd like to do a 1031 to delay the 15% capital gains tax, even if it isn't that much in my situation. Is this enough value to warrant a 1031? Looking for validation before I reach out to a QI and get laughed at. Thanks for any help/advice.