Convert my current home to rental

[Eric Einstein]

In Denver, I'm considering buying the property Nextdoor to mine and renting my current (2Bd1Bath) Single family home. I am searching for resources to calculate (spreadsheet) but most available consider you are buying the house and immediately renting. Anyone familiar with a resource that helps in this situation?

[Jaron Walling]

@Eric Einstein The only things that matter given your situation is equity, length of time you lived in the property, and the numbers as a rental. You can find lots of information in the forums about running numbers and building spreadsheets. It's imperative to learn the numbers to get a realistic idea of cash-flow vs. selling. Some newer investors skip this step and "jump in". Investors don't jump into deals. It's an educated experienced based choice to buy or sell RE. Remove the emotional attachment to this property if you have any. In some cases a primary residence makes perfect sense to rent; in others renting it becomes a big cash suck. 

Be sure this property continues to be an asset, not a liability. Base your decision on numbers and not speculation.