Since you're a high-income W2 earner, you may be limited to passive losses write offs only.

As far as SingleKey actually paying out on claims for tenant non-payment up to 12 months, property damages up to $10k reimbursed, covering 30 days of vacant property losses and helping out with tenant evictions up to $2k (as advertised), curious if anyone on here can attest to SingleKey actually paying out on these claims successfully.

@Chris Lin,Thank you very much for spending time with me on the phone last night. 

Have you ever had a capital loss?

That loan will cost you around $800/month for 30 years.I think this improves things, and your only loss would be the cost of the equity loan and the payments you've made so far on your IRA and credit cards. 

Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

Just take the loss and repurpose the downpayment capital into something better.

Is that why you’re leaning toward renting, even with a $1K/month loss?

Personal usage will limit the loss in 2023, as mentioned in the reply.

You can adjust the rental rate at the renewal or the next lease up and possibly make up the loss the following year!