Can you use it on a House Hack?

[William Huston]

Hello All, 

I am really new to 1031 exchanges, i have never actually used this process even tho i have sold a few rentals over the years. I really wish i knew about this back then, but cant change the past. 

My question is can i sell a rental property to use the equity in the form of a 1031 exchange to purchase a larger SFH that i can live out of and rent out some of the other rooms?

The reasoning behind this is all my rentals are in 5 different states due to military moving constantly, one of my rentals is up over 100k in equity, but the rental cash flow from it is fairly low, if i sold it i could net like 16 years of rental income immediately and flip that into a larger house in an area id prefer to live and possibly retire in 20+ years. Some of the houses im seeing in this area the 350-500k range are big houses in the 4-5 bedroom range with most having 3 car garages. I have seen a few foreclosures in the 300k range needing work with past sales histories in the 400-500k range.