<prompt> Human: My uncle wants to give me a condo for Christmas. I am trying to decide if selling or keeping it is the best course of action. He bought it at 140k and its currently valued at 150k. Additionally I lived in it for 2 of the past 5 years so if I sell it soon I will qualify for exemption from Capitol gains tax I think?. If I keep it, it will net about 4-6k in profit annually after condo fees, paying a property manager, and potential repairs fees. Im not worried about finding tenants as it is in a college town SO my question is should I keep it or cash out now?  <response>: What was your uncles intention in giving it to you? Of course, if its yours you can do whatever you want with it, legally. But if your uncle is giving it to you so you have a place to live without worrying about rent, or wants you to keep it as a nest egg, then selling it right away might damage your relationship with him. 