In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

I’ve seen many buyers successfully execute this strategy over the years, turning such properties into valuable investments.

I'll just add that in addition to offsetting future tax liability, I'd like to offset current taxes as well, during my highest earning years. 

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

Feel free to private message me with any additional questions.

Additionally, depreciation recapture (taxed up to 25%) still applies upon sale.Option B: Stay Two More Years and SellSince you rented the home for 8 of the last 22 years, after two more years as a primary residence, you would qualify for a 14/22 (63.64%) prorated portion of the $500K capital gains exclusion ($318,180).

Also if the whole property or the yard is fenced then an additional barrier fence around the pool itself isn’t required.

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.  

That quote will be the basis for any additional damage request.