I purchased a condominium a few years ago as my primary residence. I am currently looking for a house now, and am debating whether or not I should sell or rent out the condo. What's the best way to analyze this?
Monthly expenses = mortgage + escrow (taxes) + insurance + maintenance/repair/upkeep
If I'm able to rent the unit out greater than monthly expenses, is that the best route?
I did a lot of updates to the unit, so another option is to sell – since I've lived in the unit for more than 2 years, I shouldn't have to pay any capital gains tax?
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