This sounds like a house hack???

Alexandria, VA is a great spot for house hacking!

Under Alabama law, that is a VERY dangerous play and you could end by losing money.You also cannot sit back and let him build the house and say "Thanks."

We're working with a new construction builder who has an in-house lender (Austin, Texas area).

There's alot of neglected housing out there, gentrification.

@Christine VasquezHow high can housing prices in the City of Detroit go?

==========================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?

Congrats on your pre-approval and your plan to make Florida your primary residence while leveraging house hacking or short-term rentals (STRs).

I've been looking into going with the route of section 8 (or housing choice voucher).

The one negative is with multiple tenants in a house is potential for conflict among each other but could be reduced by screening all of them well.