Can I keep a home as rental and use primary residence exclusion

[Account Closed]

Hi everyone, 

I've personally lived in a house for 2 of the last 5 years. So I qualify for the home tax exclusion.

But I'd like to keep the house. It's a great SFR in an A/B area that cash flows.

Can I, as a person, sell this home (new financing, new deed) to a business entity I own (LLC, etc)? Therefore, on my personal tax return I don't pay taxes on the 250k gain. And I've essentially stepped up the basis 250k for the business entity.

Anyone have experience with this?