Primary home into first rental

1 Reply

Hi new member here, I'm a complete rookie to real estate investing/land lording.  I purchased my home in 2010, we are currently building a new home for our growing family.  My question is would keeping our primary home be a viable option to be our first rental?  If so, what are the steps or procedures that need to be taken to prepare for a transition into becoming a landlord and preparing my home for tenants?  I have calculated my monthly operating costs and have an idea what my rent should be to cash flow positive.  I guess what I'm afraid of is starting out by not knowing basically anything about owning a rental property and managing it correctly.  Any help/advice/encouragement would be greatly appreciated.  Thanks in advance.

Tony

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