If you are asking the question on how do I do a 1031 Exchange, allow me to help point you to two great resources, IPX 1031 with Greg Burns and First American Ken Harris.
Frequently Asked Questions about 1031 Exchanges
Converting Investment Property To Primary Residence
Recently I had a Central Valley Farmer looking to sell part of Ranch/Farm property to invest into a Rental Property in Pismo Beach. He and his wife want to retire on the Central Coast and eventually move into the rental. Please see the below PDF, and always check with your tax account every year about any changes to the federal and state laws.
Basics about a Tax-Deferred Exchange 1031
California FTB has officially put taxpayers and Qualified Intermediaries on notice
Contact: Greg Burns IPX 1031 or Ken Harris First American Exchange
James@Outlandinc.com, my Cell 805.745.2262, Outland and Associates Real Estate, 2665 Shell Beach Road, Suite J, Pismo Beach, DRE#01314390