It's located in Baltimore County in a good school district in an area that is mostly families with young children.

The problem I have seen with this Plan is that most people are married and some have children and this Plan requires you to Sell your Home and move when there is enough Value to make this rule useful.

Is there a way to purchase a property for my children(under their names and have them claim homestead for 2 years) with the proceeds from the sale and not be taxed on it?

Me and my wife and 5 children ...

We never signed anything to agree to purchase the furniture.  

My wife and I with our two children plan on living on site, we have an Airstream, so we have eating/sleeping space for our family, during the work, kids can play in an area, and I can work on the property. 

Not an answer to your question directly @Sherri Southwell, but a fun fact.Two doors down from my grandma's house is what was a funeral home the entire time I was growing up.Now, it's a children's daycare center bustling with activity and life. 

What about the children and muh roads!

The utility service had been removed but furniture was visible through the windows which lead me to believe that it was likely a probate property. 

One downside to vinyl is durability, especially when tenants move refrigerators and heavy furniture.