2 Out of 5 Year Rule

[Justin Spencer]

Hey there, 

I've lived in my current primary residence for the last 26 months in a row.  I rent out 4 of the 5 bedrooms here and live in the 5th.

Lets say I want to go get an apartment/studio in order to increase my productivity and eliminate distractions, and rent out my 5th bedroom.

Let's say I want to sell the house at any time within the following 24 months.

The 2 out of 5 year rule still applies right?  I do not want to pay 23.8% in taxes on capital gains.

Thanks for your thoughts, Justin