@Erik KarpinskiHomestead exemption is state specific but it applies to owner occupied primary residence in FL.

Sounds like I'll have to wait for the 2 year exemption and or rent the unit out for 6-12 months?

If you have the investors you need from existing relationships you probably will want to use the 506(b) exemption.  

But then I also saw that Landlords are exempt from this requirement.Can anyone clarify this to me?

Can't sell that with the best tax exemption until July 2018.Bought a nice buildable lot off of a tax list Lands available and our goal is to build there atleast by the  time we sell the primary aimed for 7/2018 to put that tax free amount into it.

@Brian Wert I am not sure how homestead exemptions work in PA, but in Michigan you could do a 50% homestead exemption. 

There is only so much you can do to avoid taxes, but I would look at other properties in the neighborhood in LCAD and see what they are being taxed at, remember you won't get the homestead exemption.

Gifts given are taxed for the portion that exceeds the IRS yearly gift exemption (which I think is still $13,000).

If you live in a house TWO (not one) years of the five years prior to the sale you can use an exemption to avoid tax on $250K of gains, $500K for married filing joint.

I do not believe you can get the exemption for sale of primary homestead.