That being said, I think the condo route would a better decision.

You'll need this only for a go/no go decision on your 1031.The requirements to defer all tax (a complete exchange) are that you purchase at least as much as your net sale and you use all of the net proceeds to do that.In a partial exchange you are either purchasing less than your net sale or you are taking some cash out of the proceeds. 

BTW--I will provide you with a list of guidelines to help you in your investing decisions.

It doesn't hurt speaking with a realtor to see what the property can sell for and make a decision there.

I’m considering buying a condo in the SW Waterfront neighborhood (Potomac Place Towers) of DC, and am wondering if it’s a good financial decision.

I’m considering buying a condo in the SW Waterfront neighborhood (Potomac Place Towers) of DC, and am wondering if it’s a good financial decision.

Hmmm, decisions, decisions.

I’m considering buying a condo in the SW Waterfront neighborhood (Potomac Place Towers) of DC, and am wondering if it’s a good financial decision.

Hey @Jose Grimaldo, this is a tough decision and one that you need to make based on what is best for you. 

Leveraging time is tough for many to do, as easy as the concept might seem, but look at the most successful people you have ever read about and they make this leverage of time decision many times per day in all aspects of their life.