Fears of landlording for the first time

[Rene Brown]

Good day!  Husband and I have a 1100 square foot home we are trying to sell.  It is a 3BR, 2BA single family home with attached garage and full basement  with potential for at least 1 BR to be added downstairs.  Needs lots of updates.  Not many lookers and barely any offers.  We are thinking about renting.  I have read many forums and watched webinars.  Very interested in renting, but heard many horror stories.  Very poor RE selling market here.  60 homes on market.  We live in a town of approximately 5,000 people.  Not much industry for decent jobs.  Therefore not many people that may qualify to rent at $600/mo.  I realize that the unknown fears are what holds many people back in the landlording realm.  Any words of encouragement or ideas would be greatly appreciated!