Is a 1031 my next move?

[Ricky Brown]

I just wanted to get a general consensus on what my next move should be. I have a rental property (still financed as a primary residential) that is on the market for sale. From research, I see that 1031 is a way to defer capital gains tax. I understand that I must do this before the home is sold. Is the 45 day timeline accurate and does the proceeding property have to be in my name due to the fact I may not qualify for a new mortgage?  (going to school and currently not working). In other words, will my gains be deferred by being a investor through a 1031 exchange.