Renting out principal residence Hi,

I'm in the process to move from BC to QC, waiting for a job interview soon, and I am starting to think it makes no sense to try to sell the condo right now (since I bought it last year and the market is somewhat low). I don't want to make a fortune by renting out my condo, but just waiting to sell it in the right time (because RE fees will put me in the red).

What should I know about renting out my principal residence?

Any tax deductions I can do?

Is it recommanded to switch the mortgage to interest-only if I can use the extra money on another mortgage back East?