2-out-of-5 year rule negated by LLC?

[Brian M.]

We've lived in our condo for the past 3 years and are considering renting it for the next 2-3 years then selling it to take advantage of the 2-out-of-5 rule. Since we'll be renting it we want to put it in an LLC but are concerned that may prevent us from taking advantage of this 2-out-of-5 year rule?

I’ve already check with my cpa and they said this is fine, but I wanted to post here to get a gut check (I’m very new to all this).

Other context:

We want to rent it for at least the next year because there’s a massive construction project taking place for the next “6 months” (likely longer). So We are thinking the construction will make it hard to sell.

We already have approval from HOA to rent.

TIA

[Ashish Acharya]

SMLLC will not negate the benefits.