1031 Proceeds Into Existing Assets?

[Joel Florek]

I currently own a fourplex and am working to buy additional buy and holds. My strategy for purchasing forces me to be significantly leveraged in a property. I would like to pay down those debts as fast as possible to a more conservative level and I am particularly good/experienced with renovations and would like to use flipping as a way to generate capital and reduce my debt. Can I 1031 the proceeds from a flip into an existing property that I own as a way to reduce debt?