New to BP and renting out a home

[Caiti Nelson]

I am new to BP and I am thinking about buying a new home and renting the one I am living in currently. I have never rented a home before and not sure of how to go about it. Any information I can get would be helpful. One question I have right off is if the income I recieve from the home would be considered addition income and if I would have to claim it on taxes? I live in Wyoming.