Would you 1031 Exchange in this situation?

[Christopher Pound]

Hi everyone!

I've owned 2 Detroit rental properties for about a year. I'm thinking about selling one of them to fund the down payment for a FL duplex.

I'm wondering if you would use a 1031 exchange for this type of situation:

• Purchased all-cash for approx $62,000.
• Rents monthly for $850.
• Thinking of listing for high $60k, low $70k to keep the rent/income ratio over 1%.

I know that I would really not need to 1031 if I break even (no capital gains). Was wondering your thoughts on 1031'ing if my gains are in the $5k-$10k range. Worth it for the hassle, or should I just absorb the gains?

Thanks!