The renters had about a dozen falcons that they used to eliminate nuisance pigeons around an industrial complex. 

The leasing company that leases 95% of this product type in the area says this will eliminate 50% of prospective tenants.however it is an incredible incredible location And currently 100% leased. question one.

Even if you were to generate a taxable gain after selling, you could 1031 exchange into another property which would DEFER (not eliminate) the tax obligation.As you mentioned, taking out equity via Refi/HELOC is an alternative which would allow you to keep current property without having a “taxable event” (you get liquidity but you’re not writing a check to Uncle Sam while doing so).

Eliminated Realtor Fees What was the outcome?

Yup, that would eliminate rental houses for sure Stephen.

It eliminates the need to identify the source with a political leaning because truth doesn't belong to a political party! 

@Johnathan Gonzalez  eliminating a window a lot depends on whether You will/can cost effectively reside.

But there has been no significant changes in the code in the last 20 years other than the elimination of personal property being eligible.1.

Also with the Govt having the stepped up basis where you could pass the property to your children without the tax burden in their sights for elimination of the tax benefit does this strategy also hold good ?

but you will certainly eliminate some of the geographical and consolidation risks.