I am about to become an accidental landlord in Dallas, TX. What do I do next?

[Albert Yamoah]

My wife and I are in the process of purchasing our next home for primary residence, but we have not sold our current home. We are looking to rent our old house (located in 75212) but the home has no rental comps in the area. My questions are:

1.) Do we just set an arbitrary rent and see what we get?

2.) We don't want to manage the property. Do you know of any good property management companies in Dallas?

3.) Should we get a home warranty for repairs? Can we do that even if we (the owners) do not reside in the home?

4.) Where can I find out landlord regulations specific to my area?

Thanks for any assistance; we greatly appreciate it. 

AY