Sell Property 1031 vs Keep Property

[Jorge Galvez]

Hi BP'ers: 

I am thinking of selling my multi-family with potential upside of $100k equity.  The decision I get to make is do I sell with 1031 exchange to obtain a four unit property and build wealth by moving into more doors or sell my 3 unit that is only breaking even?  The upside that I see is that I can move into a four unit and add value to it and reach my goal of starting in commercial property.  However, by keeping the current property, I can potentially make one unit into an airbnb and increase the cashflow.    What should I consider when making a decision?  Sell with equity or keep property? 

FYI - this is my first multi-family and my goal is to build wealth.  If I keep my 3 unit, it might take longer to reach my goals of owning buildings and starting with the first 4 units is a start.  

I know a lot depends in my case, but I would like to request your thought on what I should consider when making my analysis.  Thank you.

Jorge