The exclusion is reduced pro rata by comparing the number of years the property is used for non-primary residence purposes to the total number of years the property is owned by the taxpayer.

@Raymond B.weird it work in the prior post but thanks for the tip

I have never tried investing in retirement communities as I always viewed it as a small buyer pool compared to traditional communities.Please tell us more about your plan and what made you choose retirement communities.Best of luck with your investments and welcome again!

Hmmm, nobody mentioned EPA and RRP - if this building was built prior to 1978, you should become familiar with RRP.

You should be fine closing on a new home prior to one year and moving after.

Many good renters are looking in advance and organized in their search.As others have mentioned, the place is usually more organized and neater several weeks ahead versus two weeks prior to move.

I guess I need to compare a HML against the convential loan to see what my best option would be.

These are all people I know and had a prior relationship with.

Probably wouldn't have done all of this if the house was separated from other homes comparable to it.

Also compare with people in your income bracket.