As important a consideration is how will you reinvest/spend the proceeds from the sale to build wealth.Hope this helps.

With that said, I've done some research on the market and found the following information helpful in my considerations for Phoenix that you might find helpful as well:  Demand for both buying and renting property remains high due to the city's strong economy and growing population. 

As long as you own it you will not trigger any tax. 

I would love to get a condo down in Miami to have a as a forever rental, but it's just so hard for me to pull the trigger.

Hello all,
Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation? Did the proceeds from the ...

This allows you to use the funds without triggering penalties or taxes, as long as you stick to the repayment schedule.These strategies all come with rules and limitations, so it’s a good idea to check with a tax advisor before moving forward. 

Other considerations are the lost costs to sell and re-purchase other properties.

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