Renting Out Primary Home Suggestions

[Joey Hampton]

Okay, So I am currently living in Charlotte, NC. I have a 3 BR 1 BA, around 1300 sqft. I am looking to rent this out and potentially buy another home. This is the first time that I have ever done something like this and was looking for suggestions.. How do I do this mainly? Has anyone else done this? Don't have much money saved up for a down payment or anything like that. We both have great credit. We purchased this home using an FHA loan. Should we refinance? Would that give us a cheaper mortgage payment? And should we use another FHA loan for another home? Open to all suggestions and have a ton of questions. Thanks.

[Gregory Walter]

I can't think of many areas that a 3 bedroom 1 bath home in Charlotte is going to rent for 1500-1600. I love the Do It Yourself attitude on bigger pockets but judging from the broad base of your questions, either the best course of action is to do A LOT of reading quickly or find a real estate agent to help you.  Otherwise you could find yourself in a deep water very quickly.  There is a lot to know and you don't want to make a big mistake that could result in a lawsuit or other headache.