It will depend on your financial situation, what your goals are, etc. The best person to advise you is your tax professional and/or attorney. As far as renting and including utilities--my thought is do not include utilities, except for garbage, water and sewer (these will be reported on your credit if they are late, since you are the homeowner). You can adjust the rental so that these utilities are covered in the monthly rent, however. Check advertisements in your area for like rentals and price it competitively. Depending where you are located, it is a great time to have a rental as so many people are opting for that after losing their home to a short sale or foreclosure. Best of luck from Sacramento, CA.