Turning current house into a rental as we move into a new house

[Dave Laird]

We brought a new house and want to turn our current home into a rental.

I'm in Seattle WA, where we have brought a house close by, and I have a heap of questions about setting up a rental property.

1. How should I set up accounting books for the rental property?

2. How do I set the best rental price for the house?

3. What are the common mistakes people make as they start as landlords?

I'm looking for some to point me in the right direction.

Thanks, heaps, for your help.

Cheers

Dave