Viable cap gains strategy to exit with yearly small sales?
Another person posted earlier about their retirement exit strategy and it reminded me of a rabbit hole I started down a while back. I didn't ask my CPA about it because it's a ways off and he's already tired of my shit.
Would it hypothetically be possible to 1031 exchange $500k into a package deal of 5 properties and then sell one property each year for cap gains of $100k with zero taxes due(based on joint filing limits) if you had zero other income?
Obviously it would never work out that clean but is it even remotely viable(and legal) to do something like this where you keep pulling roughly 100k out per year by investing in portfolios of small properties?