Refinancing after a 1031 exchange? Back to Primary 2/5 yrs?

[Susan O.]

How soon could I refinance this and if I did would I always have to replace that $500k equity? Would I be able to refinance more than 70% LTV on this property in near future?

Can you convert to your own residence in the future?  In the case where you bought a airbnb house and airbnbed it for a few years or rented it long term for a few years then converted back to primary residence then could you possibly do the 2/5 years for not doing capital gains?  Would that wipe out all cap gains and the depreciation recapture 25% tax? Is that a strategy that is allowed