If you hold the property for 10 years the capital gain becomes a permanent exclusion from taxable income. 

We left to be closer to better schools, but have no intention of selling any time soon (save for the primary residence we sold for the substantial Section 121 exclusion).  

He signed an exclusive with a Realtor and they showed the house a few times but people can't apply for FHA Loan because there is a Gas Station across the street from the house. 

We're wondering if there's a way to use both the 1031 exchange AND the section 121 exclusion together when we sell our home? 

Instant added value, age in place, rental potential all very sellable, 3) you'd have to declare your intention with the city and probably have to give up your right to that spot, 4) yes and it will make a nice deduction as it will be used "exclusively" for your business so that will help with your taxes, air bnb and long term rental is totally allowed as long as you get the correct permits from the city for air bnb especially.

If you're dealing with a private investor (like me) as the lender, an exclusive deal for you might be possible.

It’s my favorite strategy hands down and what I’ve been doing exclusively for the past 5 or so years.

You have to wait two years before using the exclusion again.

Find a way to watch probate publications...newspapers and such.

Vendors pay to get the word out for their business, and you get access to exclusive deals.