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Before you convert from a home to a rental, be sure that you talk to your tax person about the "tax free gain" on personal residences vs tax on the sale of rentals. It might(?) be worthwhile (you have to run the numbers)(and it depends on how much the condo has gone up in value) to sell and use proceeds to buy a rental and a home. It's just not as simple as it used to be.
I'm surprised that more people aren't looking for fixer uppers and living in them for the two years while they fix up. Up to 250,000 of profits can be tax free.
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