Should I convert my primary home into a rental?

[Jose Garcia]

I am looking into moving to another area and thinking about converting my home into a rental.  Here are some of the details on my primary home:

Value: around 450-470K

Balance: 230K 

Current PITI:$1445/month

Rents in my area: $1800-2300/month

Should I refinance my home, cash out some equity, and use it as a down payment for my new home?

Should I use a HELOC as a down payment for the new home?