Lots of the properties being sold aren't panic selling but a rational calculation to say " ok this is a pain and inventory is low, interest rates are low...why shouldn't I sell?". 

There will still be renters, but they shouldn’t have to bear the burden of your revenge   "There will still be renters, but they shouldn’t have to bear the burden of your revenge"The renters are bearing the burden of a RATIONAL response to the government saying "we may opt to allow tenants to stay without paying rent". 

And as Brandon says, if you’re afraid or in doubt, write it down, crunch numbers, analyze prospects and make an educated, rational decision.

I tried to rationalize, but was only met by anger, and it was impossible to converse with at that state.I am now left ignored through both phone call and text message with the subletters.

There are rational decisions, and then the ones people make...they don't always match up.  

For the property owner it may seem like the rational thing to do.  

Looking for the following criteria:- best Interest Rate-Ease of requirements (min down payment, debt to income ration, etc.)

Only for those individuals may there be a suspension of the 5 year look back to allow an additional 10 years.There is no general automatic pro-ration after the 5 year period.  

We've worked with may clients who will move out of a primary residence that has more than 500K in gain so they can combine sec 121 and 1031 to make all of the gain tax free or tax deferred.We've also have numbers of clients take advantage of the 1301 - 121 conversion to ultimately turn part of the tax deferred gain into tax free.Your situation is somewhat unique in that you're wanting to combine both of those strategies and take the 121 pro-ration tax free and 1031 the other pro-rated gain.

Doesn't make rational economic sense.