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). ..

Hi Alex, I believe there is a Pittsburgh group that meets regularly but I would love to attend another gathering as long as time/place works.

How are you adapting your renovations to meet buyer expectations?

I'd start with attending local investor meet ups.

Go out of state if local returns don’t meet your goals, but ensure you have a reliable team and do thorough research.Self-manage to gain experience if the property is local and you have time.

Have to ensure that with taxes and insurance added you can meet the DSCR ratio needed but you should be able to refinance out of this one.

It’s a great way to meet local demand while creating steady cash flow.

If that isn't satisfactory speaking at a city counsel meeting about the subject would also seem appropriate. 

I'd recommend attending investor meet ups.

I’m here to learn as much as I can, meet like-minded people, and get advice on making a solid first deal.