Turning Primary Residence into first rental property

[Mark Struckhoff]

My wife and I want to move into a new home in a better school district.  Instead of selling our current home, I was thinking about turning it into our first rental property.  I'm in the process of figuring out what kind of rent we would bring.

The next home we would buy would be modest.  We would live there for maybe 5 years and continue to repeat the process.

Has anyone used this strategy and have any experiences (positive or negative) they can share?

Thanks.