Seller financing or 1031 exchange land

[John R.]

Hello BP,

I inherited a 5 acre plot of land after my father's passing, and the deed transferred to me about 2 years ago. Issue is, there are people living on the land that have built a manufactured home on it and have been there for 20 years. They're very interested in purchasing the land and have made me a reasonable offer($150k) for the area where it's located. My question is, should I- A) Seller finance the sale? or B) Attempt a 1031 exchange? Assuming I've located a like-kind property with decent cash-flow and want to defer cap gains.