My husband wants to keep his Nevada state residency to file income tax there (NV doesn't have state income tax) but we would like to file jointly for federal income taxes.On the Utah State tax website it says: "A married couple who files a joint federal return may file separate Utah returns ONLY IF:one spouse is a full-year Utah resident, ANDthe other spouse is a full-year nonresident."

Something you can do to start your 5 year plan would be to live in your Condo for 2 years so you can qualify for the $250k tax exemption (if single) $500k if married and then take those funds to either put a down payment on another property you could live in plus you would have some left over funds from the sale.

"marry the property, date the rate" (dumb)Cashflow is kingBest time to buy real estate was yesterdayBuy low, sell highYou make your money when you buy not sellThere is no such thing as a bad property, but a bad price.

. $500,000 tax free (if married) is nothing to sneeze at.

Get (business) married - form an LLC for long-term partnerships. there are various blends of this

The gain from the sale of a primary residence up to $250,000 (or $500,000 if married filing jointly) is generally excluded from taxation.Now, let's focus on the depreciation recapture.

These people also tend to be married and their spouses tend to have verifiable sources of income.

I would keep things formal like that with him unless you get married because things can go SERIOUSLY sideways.

There are survivor benefits in CA so if our tenant had married or had an heir who wanted to reside in the property, that person could have taken over the lease. 

==I believe @Jaron Walling is referring to offsetting capital gains by $500K due to filing as a married couple if you've stayed there for longer than 2 years.