1031 on regular income?

[Andrew DeShong]

I purchased an SFR in September and have tenants in there. I was contacted today with an offer to purchase the home for quite a bit more than I have into it. I know you can do a 1031 exchange on the capital gains of a property, but can I do it on regular income if I sell before the 1 year point? I'm trying to figure out a number at witch I'm willing to sell to make displacing my tenants worth it, as id have to buy them out of their lease and would prefer to have them happy about it.