An S-Corp might help reduce self-employment taxes by allowing you to take a salary and receive dividends. 

Even better, get some self employment activity and sponsor a solo 401k then no UBIT on leveraged real estate!   

For your first project it is nice to be able to see it, talk with all the people involved, know the area, know the schools, know the employers, know the neighborhood, meet your trades, etc. 

Since your primary address was the condo as of your last tax return, you could argue that you maintained a primary residence there, even while living abroad.In case if you don't complete the desired period, I guess you will be able to claim partial exclusion as from your question I understand that you left the residence due to employment purpose.

Chances are, a guy who can afford $5K in rent will eventually be employed again and want to deal with that judgment you obtained against him.

If yes, I can help you from an employment perspective. 

It happens in housing and employment, regardless of the letter of the law. 

We have them provide the previous 2 landlords and contact info from their place of employment.

Grayson County is really a 2 year school, but also gearing up to supply whatever the employers like TI and Global Wafer need. 

We can use alternative documentation if self-employed such as 12-months business or personal bank statements.