1031 transfer

[Erik Williams]

I was wondering if anyone could answer a couple questions about 1031 transfers.

1. Does the 1031 transfer have to be for the complete sale price of the property, or can you take out your original investment and just transfer over the proceeds on the property to the 1031?  (ie: bought the property for $100,000, sold it for $200,000, can I take the $100,000 of proceeds and put it in a 1031 transfer while using the $100,000 of original investment for something else and not pay any capital gains on the sale of the property?)

2. If the property is a rental property that I put into a 1013, can I by a vacation property that I will also rent out has my next property and use the 1013 transfer for that purchase.  

Thanks for any and all help.