The title company also suggested utilizing the Miami Dade/Broward Regional Provisions box which entails the seller covering the title search.

There would be a gift tax return filing requirement, even with no tax due.Such a transaction could jeopardize the previously executed  1031 exchange, as the IRS might assert that the property was never held for investment, but rather with the intent of gifting away to a child.

The IRS has challenged similar arrangements in the past by asserting that a replacement property in a 1031 exchange that was either (a) subsequently gifted to a child or (b) rented to a child did not qualify as exchange property because it was not "held for investment." 

Hi Greg,I'm curious as to what the Lifestyles model is, and what the membership entails, and where I can sign upDaniel

Always be calm but assertive. 

I am capable of making well over $100,000/year if I assert my time.

I just bought a SFH in an Austin suburb in July... before learning what house hacking entails.

I reevaluated my numbers and it doesn't look like it would be worth it even with my modest estimate of what "needs rebuild" would entail.

My two PhD professors backed my assertion and said to appeal it.

you clear 50k and you are out clean vs. an absolute (and I think optimistic) max of 55k with all the risk that entails.