Should I turn my house into a rental?

[Ryan Garvey]

Hi fellow BPers, my wife and I are considering upgrading houses and keeping our 2/1 house as a rental property? Question for those w/knowledge & EXPERIENCE: is this a good idea, why/why not?

The house is a 1924 property in good condition (roof, HCAV, foundation,etc). Our monthly mortgage is $974 (so ideally rent would be >$1,125/month). I’m not sure we’ll get the desired rent since rentometer says ave is $885?

Considering adding a 1/2 bath in our kitchen pantry which has ample space, in order to add equity (1 bath is a hard sell)

I’d appreciate your input and hard questions, .i.e

What am I not considering?

Thanks!