Can I do a 1031 exchange for this transaction and, if so, can I defer the capital gains tax?

My main question that I'm hoping to get some advice on is if it would be smarter to use the money we've saved up to purchase a primary residence here in Los Angeles so we're no longer throwing money away on rent, or if we should use that money to invest in a rental property, either locally or some place like Atlanta, where I'm familiar with the market and is definitely more affordable.We're trying to educated ourselves and gain as much advice as possible before making any serious decisions.Thanks in advance for any advice!

Money will help in networking to gain credibility with buyers.

If I sell it before July, I will be able to take the small gain tax free.I have it currently rented to an A+ tenant.

Any and all free time I have is dedicated to learning about REI and I am dedicated to gaining knowledge and experience and would appreciate any and all help!

i need help. Im trying to get better leads in south florida but its extremely difficult. Can anyone give me some advice? Would anyone like to team up? I have the investors and contractors, but dont have a house.

The latter will allow you to spread the gains over a number of years. 

Both will run you about $160 for a year's worth of education in several meetings held throughout the month, but be advised that they are also heavy into information marketing (different speakers will attempt to sell you their programs) so keep your checkbook/credit card at home for the first several months while you gain your education.

Make sure to check out your local REIA meetings to gain some valuable knowledge and network.

It is hard to gain equity via the turnkey model if the home is rehabbed correctly, especially in the suburbs.