It was our former residence and the market had gone down at the time we were moving so we decided to rent it.

That’s what I did with my primary residence.

I own a primary residence in rural Connecticut as well as an investment property in Raleigh (my spouse owned before we met).  

@Josh Wallace then you'd split the limit between the personal residence side and the rental side.Example: I buy a duplex for $600k and take a $500k note.

You can also buy a duplex in a place you want to visit so airfare and hotel can be tax deductible against your profits.To answer your question, the IRS deduction on capital gains is only valid for your primary residence not a vacation home.  

There have never been any law enforcement calls to or about my residence, or anything else that might reasonably explain someone being "angry or vindictive" towards me or other members of my family.But...

I purchased a bank owned SFH earlier this year and rehabbed it with money from my personal residence HELOC.

By the last year of our marriage, we had sold our vacation home at a $100,000 loss, lost our primary residence in a short sale, and moved to successively smaller rental homes.

Whatever you do, try try try to keep in mind that this is not your personal residence and not a TV design show.

Low income residents just don't take care of things.