You’ll still need to pay tax on depreciation recapture from the period it was rented.If you sell after March 2026, you’d lose the exclusion and the entire gain would generally be taxable.Oregon doesn’t impose an extra “penalty,” but it does follow federal rules pretty closely—so you’d owe state income tax on any taxable gain that isn’t excluded federally.In short: sell before March 2026 to qualify for the exclusion, and plan for some tax on the depreciation you took while it was a rental.Perfect advice, right on the money! 

Quote from @Danielle Solovyeva: Hi Jakub, I'm in a fantastic training with Avery and Luke Carl through the short term shop.

City of Orlando (if property is within city limits)If your property is within the City of Orlando proper, the rules are somewhat different and stricter in many cases.

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Quote from @Chris Seveney: Fantastic list and I’ve met every one of these characters over the years.

If you’re exploring multifamily investing, definitely take a look at the midwest.Columbus has solid B/C class neighborhoods with multifamily properties under $300k hitting closer to the 1% rule.

It's fantastic to see you planning your financial future with such a clear strategy.

It sounds like a fantastic way to create your own deal-flow pipeline right from the start, which is often the hardest part for new investors.

If you keep it simple and stay inside the rules, you’ll be fine.

Hit 1% rule or better can be easy if open to creative rental strategies.