Would be ideal to try and qualify for §121 exclusion - which allows you to exclude up to $250k of gain for selling your principal residence ($500k for MFJ).

I'd need to know more information to determine myself if I were assisting you (hypothetically, of course, since we aren't allowed to advertise our services through this medium), but from the surface level it does sound like you do qualify for the 121 exclusion.

  $100k long-term cap gain minus selling costs isn't enough tax for most to sweat missing the 121 exclusion. 

The experienced RE investors in my market are almost exclusively doing flips.  

@Michael ChalkeFor future purchases have them removed or add an exclusion to your appliance addendum if you keep them.  

The section 121 exclusion amount is likely going to be worth more than they'd get by renting in TMV terms.

I am also the agent that has the Exclusive Right to Sell Hyde Homes.

I'm exclusively using the Fannie mae Healthy Housing rewards now to remodel any affordable housing as removing lead and asbestos is a big profit center now.

You can also experience exclusions in your own insurance coverage, particularly if you are performing the work without correct licensing and permits. 

The main restriction on using the Section 121 exclusion is the ownership and use test.