She is not married so her capital gains exclusion is only $250k. 

The insurance payout also impacts your taxable gain.

That will put us into the long term capital gains category on the sale. 

The only reason you’d consider a 1031 is if you have more than $250k in gains (if single) or $500k in gains (if married.).

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio. 

Amanda Frecks brought this property to our attention, identifying its untapped potential.

Right now, homeowners across the country are seeing record amounts of equity.According to Intercontinental Exchange (ICE), the average homeowner with a mortgage has $319,000 in home equity.Why Have Homeowners Gained So Much Equity?

Now they want to put the properties into RE Gain Fund, LLC UpREIT (which appears to have been established in 2023). 

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.