One positive implication will be that once you live in it as a personal residence for more than 2 years, you can sell it and get $250,000 in tax free capital gains. Wont that offset the higher depreciation recovery that Phil was talking about?It certainly softens the blow. If the 2 year requirement is met at the time of sale, all the gain not attributable to depreciation is available for the principal residence exclusion.Phil
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