1031 exchange - commercial

[J Chouinard]

We are in the process of selling commercial property that we own in NJ. Unfortunately, I think we may have made a mistake in selling it. But it's too late now. We are going to do a 1031 exchange. We need advice on the best way to invest the money. It doesn't have to be in our current area (FL). I know we have limited time once the property closes and feeling very anxious about making the decision on what to do with the funds. We have owned a couple of rentals in the past and it has not been the best experience. We are looking to start fresh and hopefully build a portfolio of rentals as passive income. Any advice on which direction to go with the 1031 exchange would be appreciated!