Owning real estate out of state greatly increases management problems and costs – not an option for me.
To make IRS happy tax accountants usually recommend owners who convert a rental to a principal residence occupy it for at least 1 year to claim the primary residence exclusion. 5 year ownership requirement is probably correct (not an issue for me).
SDR – What are the tax rules for depreciation recapture with a 1031 exchange with a same value property?