Should I turn my house into a rental

[Justin Brummer]

Hi, I own a 2 year old new build. I'm thinking of paying down the principal with 20k and with cash to close and then refi out of the PMI. Get the payment low enough to rent. It would take me about 6 months to save the funds for that. I'm working 2 jobs so that's why I have the extra income to do that. It's a new house so I'm not needing a big cap expense % cut. I'll manage the property. Figure for vacancy and small repairs. Is this a good ROI if I plan to keep it for the long haul or should I just cut bait and look for better deals instead of using cash to "make" it cash flow?