1031 Exchange or Other Strategies

[Tam Le]

Hi,

I am going to put my rental property on the market and am looking to take the equity from it to buy a new home (primary residence).  Question is can I use the 1031 exchange for this or does the new home have to be a rental?  Also what strategies would one suggest I look into to avoid the capital gains tax on profit from the rental.

Thanks,

Tam