1031 Exchange Primary 2+ yrs/Rental -> Rental Investment - Cash ?

[Lindsey Leemis]

Good evening!

I have a primary residence that is deemed - 80% rental and 20% primary on my taxes. I am renting out majority of the house.

Cash Question:

Can I pull 20% out and be non-taxed (held for 2+ years) and roll the rest (80%) by 1031 exchange into rental properties as tax deferred?

Ex. 50k equity & appreciation upon sale, 40k would go to 1031 like-kind exchange & 10k would be covered under home sale exclusion on capital gains tax.

Thanks for any advice! :)