01-10-2007, 12:59 AM
So the having to live in it for two years out of last five can be a problem. But I have to say that renting our two houses by long distance (we in the NE and WA, the houses in AR) was a supreme hassle during renter changes, even with a property manager, the tax savings we got, even with depreciation, really helped us over a big hump. You really should get some professional CPA help on this, especially since you're moving out of country.