Good time to sell, bad time to buy?

[Tyler Batchelder]

My wife and I are putting one of our rentals up for sale due to a high HOA that keeps going up and has cut into our cash flow on the property. We would love to just 1031 into another single family rental but the market here is a bit ridiculous (Colorado). Is it time to eat capital gains, sit on cash and wait for the market to cool off a bit? We would love to hear some thoughts.