As long as it’s not a straw purchase.
How could a C&R straw to another C&R? lmao.
I'd have to do some reading but last I knew 03 FFL holders don't fill out 4473s when moving guns with one
another, so some of the bullshit that otherwise would have applied, probably doesn't. All kinds of things under GCA go away when you have an FFL, particularly if you're the "real buyer" at the end of the
chain.
That said, given the limitations on C&Rs I wouldn't want to be doing it on a regular basis lest being accused of
profit motive.
-Mike