Converting to a Rental Property

[Kelly Pinto]

Hello,

My husband and I are getting ready to search for and hopefully purchase our first property in Charleston, SC. We have been doing lots of research on real estate investing in general but need a little guidance on South Carolina laws/restrictions specifically. We plan to live in this property for a couple years, then when we are ready to purchase another unit/house, rent out the first one. Does anybody know if you need to live in your home for a specific amount of time prior to turning it into a rental property? Are there any state laws/restrictions that could stop us from moving on to the next property and renting this one out in two years or so? Any information or recommendations on where to find this information would be greatly appreciated. Thank you.