Timing
I guess it all depends on timing. If we had been able to build the new house last winter instead of this spring we would have been ready to sell the condo when things were still moving. The idea was to move everything over when the house was finished and then sell the condo.
It looks like we will try to rent it out for a year or so and see where the markets goes.
On the bright side by renting it will then become eligible for a 1031 exchange when its time to buy the condo down south.
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