If the IRA fails to pay property taxes or insurance bills - you are then personally responsible, which would be a violation of the IRS rules. 

On the other hand, Fort Myers Beach and Yacht Clun in Cape Coral are coming back to life - the traffic is crazy.

As others have mentioned, there is a personal aspect to doing it this way since it involves yourself, spouse, and possibly a family. 

Here is the current list of cities:http://ritaohio.com/MunicipalitiesI am rather sure that the list has only been expanding over time.As a person/entity who earns rental income in any of these jurisdictions, you are required to file a return not only for the state, but also for RITA.

You will need to allocate the expenses between the personal and rental portions of the house.

Here is why there are no responses to your question: it's tricky.Prior to the 2018 tax reform, there was a deduction for personal moving expenses.

@Dav Pohote The last property I sold had 1 person make an offer at the list price.

I found 9 different llcs all titled to the same person with address to suits that are being rented by social workers all the way to a staples in California.

Personally I’m having a hard time coming up with Cons, and that the Pros greatly outweigh them.

Also, I would personally get rid of the dishwasher as well, 1 less liability to worry about.