I want to sell my rental too but not because I think the property value will go down, its just a pain to take care of renting it out.
But as you will probably find out from your tax person, you are going to see a big tax hit. I calculated mine to be 23.8 just for federal. 20 for long term cap gains + 3.8 for medicare. Hopefully I’m wrong since I’m not a tax professional. But it really didn’t make much financial sense to sell in my case. Yeah, 1st world problems.
