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Updated almost 7 years ago,
Beginning Landlord or Sell
We borrowed against our previous residence of 2.5 years to buy another home and are considering converting previous residence to rental. We have plenty of tenant interest at asking rent price, but I am reluctant to enter the landlord role. If we decide to sell after a few years in the event that the landlord situation does not go well, I am apprehensive about the capital gains tax (since I am unlikely to want to do a 1031 conversion to another investment property). I am considering selling the property rather than go down the investment path. Thoughts?