Using the 1031 exchange

[Jacob Holler]

Hey All - hoping someone can help answer a few few questions. I have not been able to find the answer. I may be selling my house in Norther VA and am hoping to use my profits in a new investment in a more affordable area, more than likely Charlotte where I currently have a few investment properties currently. Can you use the 1031 exchange from profits on one house on multiple properties? Meaning the profits on my Northern Va house and buy 3 or 4 in Charlotte while still deferring tax.

Also anyone who has used 1031 exchange in the past, what markets do you shop in?  I believe Charlotte might be difficult as houses go so quick, and you only have 45 days to find a property. 

Thank you for the help here!