Putting my residence up for rent

[Tony Butler]

Hello all, I am writing this post to ask those with some expierience what do you think about putting my personal residence up for rent, and buy another home to live in. I would have approx. $200 in positive cash flow from the rental. I would have a one year lease signed.

I believe this allows me to get my feet wet without a huge amount of risk. I wouldn't buy another home until my first one leases. With my local real estate market definitely on the soft side I believe I could find a wonderful deal on my next home.