Our annual household income has averaged about $240,000 per year (varies slightly based on bonuses) the last 3 years.  We need to consider any tax efficiency we can, and we are already maxing out retirement accounts.  

We have saved enough cash to buy a new home.  It is a spec home and building will be completed early January 2017 and the purchase price is $458,000.  Our current home is worth $210,000 and we owe $160,000.  The mortgage is 15 year and we pay $1500 per month. (We still have $2,000 per month left over after all bills to save). Rather than sell, I am considering renting it.  A long term renter would probably pay $1700/month to live in it.  I think I could revenue about $3000/month via an airbnb rental (keeping in mind there are more costs like utilities, basic cable, cleaning, furnishing).  I haven't decided yet since I have to consult with a CPA on tax implications and such, but in general does this seem to be a decent idea?  I have set a "make me move" price on zillow in case anyone wants to make us an offer on the house sometime in the next 6 months.

Here are some other costs of the property:
$2,400 per year property taxes
$900 per year homeowner's insurance
4% interest rate on the $160,000 balance.  
Purchase price was $190,000 5 years ago so depreciation would be $7600/year based on the 25 year schedule.
Lawn mowning:  $700/year
electric, gas, water:  $3,000/year (this would be a write off if airbnb property I am assuming).

Advantages of selling the property would be getting about $40,000 to put into the new house or pay off a vehicle that has $800 per month payments.  We could pay this vehicle off anyway once the March 2017 bonus arrives but cash sooner is always better than cash later I guess and I do want to kill the high car payment.

Anything other info I need to provide?
user
Rental property with a lot of
assistant
Our annual household income has averaged about $240,000 per year (varies slightly based on bonuses) the last 3 years.  We need to consider any tax efficiency we can, and we are already maxing out retirement accounts.  

We have saved enough cash to buy a new home.  It is a spec home and building will be completed early January 2017 and the purchase price is $458,000.  Our current home is worth $210,000 and we owe $160,000.  The mortgage is 15 year and we pay $1500 per month. (We still have $2,000 per month left over after all bills to save). Rather than sell, I am considering renting it.  A long term renter would probably pay $1700/month to live in it.  I think I could revenue about $3000/month via an airbnb rental (keeping in mind there are more costs like utilities, basic cable, cleaning, furnishing).  I haven't decided yet since I have to consult with a CPA on tax implications and such, but in general does this seem to be a decent idea?  I have set a "make me move" price on zillow in case anyone wants to make us an offer on the house sometime in the next 6 months.

Here are some other costs of the property:
$2,400 per year property taxes
$900 per year homeowner's insurance
4% interest rate on the $160,000 balance.  
Purchase price was $190,000 5 years ago so depreciation would be $7600/year based on the 25 year schedule.
Lawn mowning:  $700/year
electric, gas, water:  $3,000/year (this would be a write off if airbnb property I am assuming).

Advantages of selling the property would be getting about $40,000 to put into the new house or pay off a vehicle that has $800 per month payments.  We could pay this vehicle off anyway once the March 2017 bonus arrives but cash sooner is always better than cash later I guess and I do want to kill the high car payment.

Anything other info I need to provide?
user
considering renter options
assistant