Here's the basics:1) The IRS wants to tax your worldwide income.2) In 2014 the IRS wrote that "For federal tax purposes, virtual currency is treated as property."3) Because of this, it receives capital gains treatment.Since most of you around here understand capital gains, I won't bore you with the details.

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

Recommended Long term rentals are the way to go at first, Medium term and short term are strategies to look into though once you gain your bearing.

The other thing is that if the house is really appreciating rapidly, if you lived there 2 years and sell within 5 you get to keep 250k of the capital gains, which probably makes better sense than keeping long term as a rental. 

FHA does have the benefit of max seller concessions being 6% so if your realtor can negotiate for that it can really minimize your cash outlay. 

It has gained a lot of interest from millennials and Gen Z in the last few years in particular.

Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.

The stodgy that most of the investors that I work with use is to make sure that every 1-2 years they look at their portfolio and capture the equity to help grow their wealth.As a benefit for the investors that I work with we have partnered with a company that we met at BPCON that looks at this exact thing.

I'm not 100% sure about each one's different benefits and cons, but which method would you recommend to use if you were in my position?

.- Selling could yield $400-$600k, mostly tax-free, if sold by spring 2025 while within the 2 of 5-year capital gains exemption.Options:1.)