Duplex / House-hack / Lease option

[John Alosio]

Hello BP,

I have an odd question I wanted to see if anyone has experienced. I tried searching through the forums, but found no info on my specific situation.

I have a Live-in duplex house-hack that I purchased in March 2020. The intent is a live-in flip.

My tenant in the other half may be interested in purchasing from me through a lease-option. 

I intend to make it to the 2-year mark to avoid capitol gains.

So my question is: Can i enter into a lease option while still living in the house myself?

Do i maintain "ownership" during the lease option to satisfy the capitol gains exemption.

Say I initiated the lease option at year 1. continued living there for the next year unit i reached my 2 years, move out and rent my old unit. Who collects the rent for the 2nd unit? How could i structure this to make sense?

Thanks in advance for your time.