Lease option vs Rent

[Armand P.]

Hello BP, 

We are near closing on our DSCR loan and want to get some ideas on which strategy would work best.

1) lease option: 2 yrs at $2350 per month 

2) do a one year rental for $1900-$2000 p/m and re-evaluate where to market is and look to sell. 

3) converting it into a short term rental I.e Airbnb,  home way etc…

We are taking into account that if we hold it for 2 years we would possibly avoid paying capital gains tax for anything under $250k. Can someone verify that? 

Armand