well…

Move to a touristy local….use that 4-5 million as a down payment on a vacation rental. Make your wife a “full time real estate professional” (google IRS definition). The paper loss on depreciation alone is a write off on your salary. 1031 exchange that property as required.

as easy math…a 2.75M property is a 100K per year depreciation over the IRS 27.5 year depreciation…and can go against your salary. Up the value as required to avoid federal tax all together.

What you’ll probably come to mathematically, once you reach these levels…is why even deal with DL on a full time basis at all.