I want to make sure I understand the nuances correctly before making this suggestion to to my better half, so hopefully BP can give me good advice about this and make sure I'm thinking through the repercussions correctly.TL;DR My wife hates living in the South and wants out ASAP and our owned primary residence doesn't come anywhere remotely close to cashflow potential, so how do we leave before the 2 year mark while also avoiding a hefty inflation-induced capital gains tax bill?

Is the market just grossly inflated?

Debt paydown and inflation will likely have raised the value.  

Below is the process I would follow to grow a reliable, inflation advantaged, long-term income stream.Location SelectionLocation is the most important decision you will make, not the property.

Recessions happen…so does inflation.

I like to tell folks to have some type of goal in mind - in other words - what is it you are looking to achieve through investing - of course the cash flow and appreciation - but quantify that a bit - is this to replace your active income, is this to diversify your portfolio, to hedge against inflation, etc - by having a specific focus it makes it a bit easier to figure out which direction to go, what types of investments to point out to you and get you closer to what it is you are trying to achieve. 

Most BRRRR's won't work in today's market, due to over inflated price values based on consumer demand and won't satisfy cash out refi  max limits.

Benefits:• Cash flow• Tax breaks and deductions• Appreciation• Equity/wealth (tenants pay the mortgage)• Hedge against inflation.

All this while paying interest to lose out on appreciation, rent and inflation. 

We are liable to see some more inflation for sure but stagflation?