You may want to look at capital gains implications if it has been a rental for 3 years (assuming you lived in it right before that). 

Big thanks to @Zach Lemaster and his team at renttoretirement for making this seemingly complicated process with strict timelines a very easy process to navigate so I did not have to end up paying capital gains tax!!  

Thank you, RTR, for providing excellent and valuable services from start to finish, making it easy for out-of-state investors to own income-producing rental properties.”I agree wholeheartedly with you, but running amuck is the new theme.

That they require at least $50K in gains only makes good business sense to me. 

I said to myself you gotta take some risk to gain some.

Living in it for a year and then renting it out could be a smart move to build equity and gain rental experience without the major rehab headaches.

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

The problem is that we’re wasting valuable time BEFORE we even know if a deal is a possibility. 

Randy  Thank you for sharing such valuable information—utilizing RentecDirect.com for streamlined tenant management and having go-to vendors for efficiency sounds like a game-changer.

Thank you so much for the warm welcome and the valuable advice!