Newbie from Cibolo Getting Ready to Start

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We are looking to refi our current house (pull some equity out) and use that to buy another home. We will live in the new home and rent out the one we refinanced. The numbers look like we'd be able to cash flow the rental for about $600 (after expenses) and, if we wanted to, the new home would cash flow about $100. Looking for some feedback from more experienced REIs and also thoughts on the lease agreement. Already have several RE agent friends that will help keep us rented. But we've never been landlords before...