Newbie Landlord Questions - Joliet,IL

[Veronika Burnette]

I own an older home which I am looking to rent in the very near future. Is there a pre rental inspection that I need to have done in order to be able to list it as an investment property? If I have asbestos insulation in the attic does there need to be a special disclosure that happens somewhere along the line? Do I need to disclose older electrical setup? How do I actually go from homeowner to landlord and what legal steps do I need to take before listing my rental? I am stuck and not sure how to properly transition. HELP!