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My husband and I are relocating from Europe for a fixed 2 year work assignment. I am American and would like to benefit from the mortgage tax deductions for owning real estate versus renting. We both work, double income.

We would like to purchase a 2 BR property in Boerum Hill or Park Slope. After the 2 year assignment is up, we intend to return to Europe and either sell or rent out the property.

Questions: Is a condo a better fit than a co-op? Is it difficult to rent out a co-op? Is board approval required for the tenant?

Any tips or insight is much appreciated!

Thank you,
shiny