With the current economic backdrop, capitalizing on fixed low rates would be ideal as they are projected to rise in the coming months and years.

Backdrop: About 1.5 years ago rented the larger of two units to couple with one child; they passed the background checks and for the first 6 months paid on time, no issues.

You get to prorate the gain between periods of qualified use (as your primary residence - tax free) and non-qualified use (as a rental - capital gains tax)It's an absolute elegant strategy.  1031 for years, then move in and finally sell and still get part of the gain tax free.

Luxurious master with walk-in closet, spa-like ensuite bathroom and elegant fireplace.

Elegant updates throughout including a brand new spacious kitchen with shaker cabinets, quartz countertops, ss appliances, and breakfast nook.

However the step up LLC solution would work.A more elegant solution is to have the deed of the property held in a land trust, the LLC being its beneficiary.

Purchase price: $770,000 Cash invested: $192,000 Sale price: $1,450,000 Contributors: Vlad Tselnik, Katie Kepler Classic home on desirable street in Ravenna restored with true Craftsman style while elegantly blending modern finishes & amenities.

Purchase price: $1,210,000 Cash invested: $480,000 Sale price: $3,465,000 Contributors: Megan Halter This sophisticated modern craftsman home exudes casual elegance while offering sweeping views of Shilshole Bay.

I was referring to down by the ocean vs say, Anaheim or Fullerton which might skew the numbers down.But what you say makes sense on a larger scale.And those old cars sure were elegant.

Without that backdrop(context), it's hard to know what might be a good fit.