Buying primary residence with 1031

[Asif Siddiqi]

I have a rental property with sufficient property gain about 1M, my wife like a bigger house, and I like a paid off, currently our primary house is not big enough, can I buy a house with 1031 property gain, leave vacant for couple months and then move in And then sell our current primary house to paid off kids school loan. 

[Patti Robertson]

In order not to invalidate the 1031 exchange, the rental property must be held for 24 months and, in each 12-month period, the property must be rented out at market rate for no less than 14 days.