You just can't have boot if you want to defer all taxation on the sale of your current prop.

Is there any way to buy the new residence and convert existing to rental property and defer taxation?

Many tenants leave when maintenance is deferred over and over again.

They probably think that 1031 is the only way they can defer the capital gains taxes.

. - REIT investors are not considered to have a direct interest in the real estate owned by the REIT and, therefore, do not own real estate that can be exchanged in a tax-deferred 1031 exchange.A DST allows the investor to 1031 into/out of the property, the  payment of the taxes is deferred, allowing the investor to have a greater amount to invest in the replacement property.- Since DST investors own real property they get the benefit of depreciation on the property.

Well first of all deferring gain under 1031 applies to property held for investment and flipping is very likely not going to be considered an investment activity (it's the conduct of an active trade or business).

This would defer the tax indefinitely.  

For #8-Amount of gain deferred-is this the amount that I will be putting into the 1031.

Yali Sharon You can do a 1031 exchange on your property to defer capital gains taxes.

The money you received you can invest into yet another property, instead of rebuilding, and tax deferred so long as you conform to the time limits of the 1033, which is two years.