1031 Exchange - Rental Propert

[Devan R.]

I have a rental property that I’m getting ready to put on the market. It was my first property I purchased. I will like to do a 1031 Exchange. The property is in Missouri and can sell for 150k. I will like to buy 2 small condos in South Florida where I live. How does the fees and acquisitions work? Will I still be required to put down 20% on each of the condos? I purchased the property in Missouri before I was married. Would I be able to add my wife on the condos? We own our primary house and another rental property here in South Florida? Thanks in advance