Rental conversion former primary residence
I have one bedroom one bath condo in Los Angeles county. Purchased 3 years ago for $232k, I have about $22k into it (including the 5% downpayment). The current loan balance is $206k and its appraising now at $300k.
I might be able to rent it for $1,800 per month which would net about $45 a month. I've never been a landlord. Debating on trying it or selling and taking the proceeds to a turnkey out of state. Any feedback or similar experience would be much appreciated.