Keep in mind the implications on the homestead sale tax exemption, in case you happen to have some appreciation in the property.

All US citizen( inside or outside the country ) have to report the income from disposing the property outside the United States, unless you are exempt from tax law to not pay taxes on the sale. 

The 401(k) has some other advantages for those who qualify such as exemption from a small tax (UDFI) that an IRA will pay when using debt-financing such as mortgages.There are several providers of such plans active here on BP.  

@Yoshi UemI rented primary residence to three other individuals with a  lease for each took 25% of the house as homestead exemption and 75 % as rental income and it was excepted by the fed , state of Fl, and my accountant for tax purposes.  

Some of the advantages that it offers are:- High contribution limits (up to $60,000/year per participant)- Ability to access your retirement funds tax free and penalties free before retirement via participant loan feature- Exempt from UBIT taxes on leveraged real estate- Tax free investing using Roth sub-account- Checkbook control over your funds (no need for a custodian)and more!

Thanks Lee Smith , I was hoping maybe it'd somehow fall under an exemption.

The Fair Housing Act does cover disabilities and reasonable accommodations, but there are exemptions to the FHA: a 4-unit building or less if you live in one of the units; single family housing if you own 3 or less properties and don't use brokers are the two that would be applicable to most landlords (the "Mrs.

We lived in it for two years and been renting it since.I am selling my house next month which will make it 5 years and 8 months.Can I qualify for exemption from capital gain tax?

@Jon Holdman, I believe there's also a phase out of the gain exemption by income. 

I spoke with her and emailed her the details and what our goals were for this transaction which were:      *Ag exempt property valued at (per county tax assessor) $544k.