Personally, I would hang on to the cash.  

Not that it cant or wont, but unlikely.If OP applies for homestead on a new property, then I personally would not lie during the application about receiving the exemption on the existing property.

The flippers we personally work with in California have not run into this issue (as far as I'm aware).

Quote from @Matthew Crivelli: Personally, I'm not a fan of Air B & B.

Personally, my primary residence has appreciated around 6% in market value and I live in Levittown. 

I personally would never invest somewhere that could outlaw rentals.

The cost to repair your vehicle, and perhaps the other person's car, will be WAY MORE than the cost of the insurance premiums you saved by not having insurance. 

Don’t just focus on the voucher—focus on the person behind it.

The challenge was balancing the relationship between landlord/tenant and a personal/friendly relationship.

(Interesting, because the best guess I’ve seen is that John maybe personally grossed no more than $10 million from this mentorship over a 8 - 9 year period of time).