The other reason tax bills get stalled in Congress is that most bills combine multiple unrelated measures, usually serving various special interests.

As you mentioned, it might be difficult timing the sales of each of properties where you can achieve a combined exchange (multiple properties into 1 property / or a few properties).Just a quick note that may be helpful - I work with a group of investors that can help with a combined exchange into a single property and will buy it back once you've found a replacement propertie(s) as the final destination for your capital.

There are buyers that prefer any combination.

This combined with minimum footage for a bedroom means many lofts do not quality in CA as a bedroomDifferent states will have different requirements for what constitutes a bedroom.  

Don't forget to account for the cost of the appraisal or any other vendors...an appraisal and survey will over $1000 combined, for example. 

The combination of OOS + S8 is toxic.

So there might be ways for you to find more money to combine with your 80k to pay cash for a decent cash flowing SFR.

The combined revenue as LTRs, however, would be about $3000/month.

If you're going to owner occupy and and want to benefit from some rental income then I'd go for it, but if you're looking for some combination of appreciation and cash flow there are better places to put your cash.

Eventually, the supply of essentially free house and/or suckers runs out, or law enforcement catches on, or some combination of those factors.