1031 to lower priced possible?

[Account Closed]

Hi BP, is it possible to 1031 exchange an sfr to another sfr of lower purchase price, yet include rehab costs within the 90 or so days (can't remember the time limits) to make it cost more? This may be a common question but I thought I'd ask BP directly.. I remember Alex (catchy last name but can't remember) from Vegas doing something similar to this idea with (HUD?) another class of purchase.. can any one shed some light?