Yeah that 2 out of 5 years exclusion is nice. Even if you pass that exclusion though, if you have cap losses you are carrying forward from perhaps stocks or something, if you sell the home as a purely income property you can line that gain up against those losses. Don’t forget to recap your depreciation though. On the other hand keeping that home for the long run is a sweet idea if you can tolerate that. Assume renters will treat it poorly. Some will not but most will.