The last thing you want it to trigger income taxes from accidentally cashing out.  

Setting rent significantly above FMV could be seen as an attempt to shift income or inflate deductions, leading to potential penalties.

Or sell using the 1031 exchange along with a partial 121 primary residence exemption There is a way you could take advantage of the 121 primary residence exclusion allowing you to take the first $250k of the gain tax free ($500k if married) and qualify for a 1031 exchange.Say you purchase a property as your primary residence (house hack extra rooms for extra income) and lived there for two years while stationed there.

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We continue to manage properties and generate income from Upstate, NY, while also running a real estate syndication with deals and properties across the entire country.

Then figure  tax on your income. 

You either have verified income and meet the other requirements, or don't. 

How much income you'd want from the rentals and when you want that income to happen by. 

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

I'm in the Wavemark income fund and am getting paid my distributions