Live in investment options

[David Goings]

I felt the need to put this deal out there for everyone's benefit. Any and all opinions are welcome. 

Bought an off market turn key house with 140K equity, its just very dated so it needs about 50K of work to flip. Plan was to wholesale it immediately but I  decided to purchased and move into it so I could list my primary residence which was not an investment. 

Now shiny object syndrome has set in....I live in this awesome house and I am debating the options listed below in no order of precedence. 

1.) Live in for 2 years then wholesale as is tax free. 

2.) Flip now, enjoy the updates for 2 years then again, sell tax free 

3.) Wait for primary residence to sell (improve D/I ratio) refinance this house, do minor repairs then Rent. Capitalize on great schools and military town. 

Tax concerns are that the home is in my LLC at the moment so will that affect the 2 year primary residence tax exemption?

Anymore options you all would like to add???? Also any caveats to the options I am considering? 

Thanks! 

- Dave