We are moving to Michigan from California to be closer to our Grandsons and Daughter. We own our home here in California and want to keep it so we are going to lease it out. Does anyone know if we have to do anything special regarding property taxes, income tax, insurance etc? Since the home in Michigan will be our main residence will the one here in California then become a secondary residence? If so, what are the issues with that? Also, should we buy the home in Michigan outright or carry a mortgage? There are a lot of tax advantages to us moving to Michigan (1) they don't tax federal retirement income (2) homes are way less to buy (3) more for you money in general and the list goes on. Because we are retired we can travel during the winter months to get out of dodge when the weather is bad
Thanks in advance for the advise if you offer any. This post may not be in the right forum and if not please let me know.