Question on doing 1031

[Rao V.]

Hi,

I acquired a rental on cash for $100k few years ago and it has tenants.

The property is worth 200k. so my gain is 100k.

What is best option I have to defer any tax gain.

1- Buy another project for flip using 1031 and sell that flip for a profit.

2- Buy another house as primary resident, flix it and then flip it after 2 years.

Which one will put more money in my pocket?