1031 exchange, am I too late

[Peter Forrest]

I typically buy and hold, but in February this year, I bought a super run down property, and turned it around. When I looked at the numbers -  total all in cost & rental income VS. just selling it outright, it made way more sense to just sell. So I listed on August 15, and sold on September 15. Here are the numbers:

Purchase price - 130K

Reno cost - 100K

Sale price - 325K

Gross Profit - 95K

Net Profit - 70K

The net profit (70K) is after paying agents, fees and all others. I intend to definitely buy two more properties with the proceeds from this deal. Before doing that, I am looking at a huge tax bill. From preliminary research, my worst case scenario is -  Fed 35%, and 10% to DC - that's a giant 45% gone.  Question, can I still do a 1031 exchange ? If I go ahead and just buy the two houses and use up all the proceeds, will I still have to pay taxes to the government?

Thank you so much!!