Hi, I'm trying to understand. If you buy a house in 2022, rent it for 3 years, then live in it 2 years, then rent it again for 2 years, then sell. The capital gain on the sale is excluded up to the $250k or $500k? And that's because 1) it was primary residence for 2 of last 5 years and 2) last person to move out is a renter. And you still get the exclusion even though it did initially start out as a rental? So it doesn't matter if it starts as a rental as long as you live in it as primary residence for 2 of last 5 years AND the last person to move out is a renter?
