Selling a rental. Tax help anyone?

[Jesse Birdwell]

Hello. Just looking for a little advice. IVe got a SFH I bought in college about 8 years ago. I purchased for $70k. After moving away I continued to rent it out and still do to this day but have recently decided to sell it to hopefully find a multi family property. My agent says the place is worth apx. $100,000. I owe about $35,000 in mortgage. So simply in my mind I stand to profit $30,000 based on paid price and selling price. Where does this leave me as far as taxes. Am I screwed no matter what? Or is there a way to not be taxed if I reinvest that money? Any help is appreciated. Thanks