==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

As you embark on this journey, you'll learn the importance of market research, the art of negotiation, and the power of leveraging assets.

I'd talk to your broker on what it'll sell for after the fact and where the market is heading over the time you plan to own it. 

Seasoned investors focus on:- Data-Driven Acquisition Strategies: Leveraging AI and predictive analytics, along with specialized data sources, allows you to identify distressed properties before they hit the market.

Housing is still affordable compared to other markets, which keeps renters and investors coming.

Our market is somewhat shifting, but it is still showing signs of thriving, with many opportunities for growth. 

Currently you have a STR lease and can effectively move anywhere the job market takes you.

Quote from @Mark Simpson: Interesting use case for ChatGPT Operator:I asked it to do a market analysis and compare a random Airbnb listing to others in the area.

I would consider getting 1-2 deals on market before you purchase off-market.

So overall experience of your QI to work in a number of markets and locations is really the key.