This would be taxed at High Personal income tax rate.

First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

This is a classic NJ. 

redid this as it ran together in Nates posts.

Definitely read that and post.

So when you do the 1031 you will need to purchase only as much as your part of the sale.But where this is complicated is that purchasing a LP interest in a syndication does not qualify as buying real estate. 

I have read many positive and some negative reviews.

Did you go this route and if so, how did you fare? 

And as you can read here on BP this is probably the number one recipe for financial failure. 

I would encourage you to read this beginners guide from BiggerPockets, it's a good bit of information so pick and choose what you want to read or read it all.