@Dave Foster can explain all the ins and outs if interested..My suggestion of using the 1031 exchange in your case is generally based on what is know as the 1% rule.

@Dave Foster is the 1031 Exchange master of the BiggerPockets forums, perhaps google content he's put out - lots of great information there!

@Dave Foster.

@Dave Foster -- at this point we've got full priced offers on all our units, and the tax bite scares me.

Thanks @Dave Foster!

@Dave Foster yes, all that is being set up.

You should speak with a 1031 exchange specialist like @Dave Foster to get the particulars on that situation.

@Matt Foster For a 10 there are only 2 basic requirements...1) your replacement property must equal/exceed the sale price (less closing cost) of the property you sell2) you must use All the cash from property sale toward the replacement property.You can bring Additional cash to purchase the replacement property, no matter where it comes from.If buy a property for less than what you sold, the difference will be taxed as capital gains/depreciation recapture.

@Dave Foster Without getting too in the weeds, there are some downsides to holding through the summer with my particular situation but it's something I'll be considering!

Originally posted by @Dave Foster:@Susan O., There is no "Loan amount rule" with the 1031.