Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

If it’s a structured settlement and you aren’t getting a lump lum, you could contribute some of that to a Roth or Traditional IRA each year, or if you are self employed even more to a SEP IRA.Also what’s your short term, mid term and long term objectives?

I guess, I think that you are asking the question as if the answer is subjective when it is actually objective and you can look at your numbers and see where you are at.

There are several objectives on this investment:  A. 

You get as much objective information about them so that you can make an informed decision. 2.

In any case, you can easily calculate that.Looking at your objective of retiring in Costa Rica, you have two options:1.

I know deals can be found there but the quantity is small here.

@Reeves Bennett Focus on quality over quantity. 

Where I'm at, nail holes to hang objects are considered normal wear and tear.

Writing them down turns your ideas into tangible objectives you can work toward.