My husband and I have been renting what was formerly our primary residence for  nearly two and a half years and need to sell by the end of August to qualify for the capital gains tax break to fulfill the requirement that we had lived in the property two of the past five years.  

I would suggest trying to get an unsecured line and leave your primary residence out of it.

If marketing is not a primary focus for you, you can not make it this business. 

For instance, many Americans (prior crisis, but some still) pour the vast amount of their net worth into a primary residence: Risky.Some people invest only in domestic blue chip companies: Risky.

There's two primary concepts to holding rentals:hold for 6-8 years and get out so that the Reclaimed Depreciation doesn't destroy your profitshold long term to maximize the ROI year over year over year

@Jonathan Newton,The only way to get around it is to make it your primary residence.     

If you think this is some super deal compare the appreciation on this purchase compared to San Diego average appreciation (rent and property) and you will find it was a decent deal but has not done significantly better than average for San Diego (I suspect my actual rent increase will be below San Diego average rent appreciation - Neither tenant has turned over which is primary reason rent is noticeably below market).So the challenge is open. 

@John Merritt You're pretty much keying in on some of my primary concerns.

Because the house was our primary residence for over 2 years, we won’t have to pay the taxes on the income which is GREAT.

We are moving out of state. I'm trying to analyze if we would be better off selling our current residence or if we should keep it and rent it out. I suspect selling now would be the best choice, given the market and l...