what is a 1031, I am renting mine but I believe it is finaince as a second home.
I'm no tax expert, but what we had to do when we sold rental property A and bought rental property B was take the profits from A and "park" the money in a special bank account which costed us about $350. Then when we bought property B, they take the money out of that account and put it towards that house. The special bank account is set up so the $$ never gets in your hands. You only have a certain amount of time to make the 2nd transaction.