[SantaClaus]

I've thought about renting initially when we come down, though I'm pretty certain TV is where I want to be. My concern is capital gains from our home sale, don't we have to buy again in order to avoid a big tax hit?

[jpprinter]

In the area you are talking about, un-furnished patio villas rent for $1000 to $1100. Tenant pays rent & utilties only. Home owner pays amenities, upkeep, taxes, lawn care, pest control. You won't get rich, and you probably won't pay your mortgage with the proceeds, but, every penney certainly helps.

[outahere]

Originally Posted by SantaClaus

I've thought about renting initially when we come down, though I'm pretty certain TV is where I want to be. My concern is capital gains from our home sale, don't we have to buy again in order to avoid a big tax hit?

You can exclude $250,000 if single or $500,000 if married and meet the IRS conditions. See this link for more details: Tax Topics - Topic 701 Sale of Your Home

[SantaClaus]

Thanks so much, that really frees us up!

[outahere]

Originally Posted by SantaClaus

Thanks so much, that really frees us up!

You're welcome. Just fyi...... we rented an unfurnished house for a few months while we checked out the lifestyle and looked at houses to purchase. We felt that was a good move, as we weren't sure what or where we wanted to buy.

Come on down!!