Renting Out a Property You Already Live In
I bought a home as a primary residence last year in FL. I am planning on moving out of state in about another year and was wondering if it would be a good idea to rent out the current property when I leave. Since I already own it, how would I analyze using the rental properties tool? Is it necessary to use it at this point or is there another tool I should be using? Should my cash flow determine if I go about renting? Would building my equity be enough even without a large amount of cash flow? Should I just sell it?
I’m new to this so constructive criticism is welcome.