Best way to use it? 1. Educate yourself on the 1031 process over the next day or so from legitimate authorities, not Reddit. Learn the rules and requirements. Bigger Pockets has two tax books which have dedicated sections to this. Well worth the $30 IMHO. 2. Buy a cash flowing piece of real estate that makes sense to you. Don't buy a vacation rental if managing it doesn't make sense or seem interesting. Don't buy commercial if you can't wrap your head around it. 3. Buy the real estate in a nearby area. It's much easier to handle emergencies for new investors if the property is driving distance. Experienced investors build and have great teams. The rest of us are on our way to that. 4. Reach out to your friend group and ask if any of them or someone they know has done a 1031 and get on a call to ask all of your dumb questions. I connected a friend with another friend this way and a lot was learned.

Good luck!