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Changing Your Principal Residence into a Rental Property

Thursday, July 28, 2011 by Steve Blazino
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It is not uncommon for individuals to relocate for work or studies on a short to mid-term basis. Usually the individual does not want to go through the cost or hassle of selling their residence only to return a short time later. Therefore, they may rent out their house as a way to cover operating costs or create profit during their absence.
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