If yu claim one it doesn't void the option to claim the other one.Provided you meet the IRS requirements for both, as a tax strategy, you could complete exclude a portion of capital gains under Section 121 and then defer the remaining capital gains under Section 1031 (@Dave Foster is a great resource for 1031 exchange). ..

Send me a message, happy to chat on my strategy

It’s an invaluable resource for figuring out the best strategies for your goals.

This is the best strategy for LA.

Or is it better to utilize different strategies?

There are strategies that can be combined (i.e.

I personally focus on DSCR investment loans and creative investment financing strategies, so I am happy to connect with you and talk about a game plan.

This has now become a part of my strategy going forward. 

If that's the case, maybe look at a different house hacking strategy that might work (like a SFR with an ADU or renting by the room, ie having roommates).2.

You don't necessarily need a mentor for this investment strategy.