re: Being a Landlord

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5/2 rule. So I would have 3 more years before this kicked in for taxing on the gains. Thanks for that information.

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But its a cliff, so if you don't sell in 36 months EXACTLY you are fricked with 100% of taxes.

Things to consider with this cliff, is you need to CLOSE at under 36 months. Which means you need to list it well before that. I had one close at 35 months 15 days, that shite wasn't worth it. I listed it 5 months early and the first buyer dropped out after inspection, I relisted it, 2nd buyer failed to get a loan, and then the 3rd buyer came through just in time!

So I would rent for 24 months, then sell. Again its a cliff not a hill.

Lastly, keep the market in mind. What's the market going to do in 2 years? Is it for sure staying level or going up? Is that risk worth it?