Hi @Jonster !
From a tax standpoint, if you are renting the unit you would claim the rental income, and any related expenses on a schedule E attached to your form 1040. If you end up showing a profit, you would owe tax on the profit. If you end up showing a loss, part or all of that loss may reduce some of your other taxable income. That could be beneficial to reduce your taxes.
Here is a renters resource that may have some information that can help you decide how to proceed:
https://turbotax.intuit.com/tax-tips/rental-property/real-estate-tax-and-rental-property/L3e09vT71
Hope this helps!
Cindy
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