For instance, what if you have an unexpected new member of the family and your present home just doesn’t meet your needs? Or, what if you have an opportunity for a work move that wasn’t on the table when you bought your home?
What if you purchased your current home as a starter home, knowing that to purchase a larger home, you must sell it in two years. However, you can’t sell your home now without having to carry cash to the closing table due to your lack of down payment, or a poor real estate market? Instead of selling it, you can reasonably need to rent your house. Fortunately, there are some instances where renting out the home you originally bought as your primary residence is completely acceptable.
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