When it make sense to get exchange 1031?

[Tal P.]

Hi,
I am trying to figure out if it make sense for me to do exchange 1031. I bought unit in $465k cash and sold it in $555k this week. I am trying to figure out if it make sense to use exchange 1039 because of the "low" profit gain. In addition, if you had 0.5M to invest in real estate, what do you think the best way to do it?

Thanks