Options for 1031 funds

[Erik Schilling]

Hey BP, I have an interesting opportunity in the near future and was looking for some knowledge. I currently own a rental property that I am considering selling. Net profit would be in the 15k range. I am seeing a property tomorrow where the seller is open to seller financing. Here is my question: If I move forward with the new property (seller financed) and sell my rental property, let's say in 3-4 months and put profits into a 1031, am I able to put those profits into the newly acquired property (seller financed) tax free? I hope this is not too confusing. If this is not allowed, can you suggest another strategy? Thanks in advance!