"Accidental Landlord" in Pasadena, MD

[David L.]

I own a SFH in Pasadena, MD that my wife and I purchased at the top of the bubble in the Spring of 2007. A house that was built in 1979, and appears to not have received any updates since 1984. Nothing structural or major, but seriously, seriously dated. I'm talking orange counters, green carpet, orange trim etc. I've spent the last few years and many, many dollars bringing the house into the current century.

Between my two kids, and having a traveling job, I'm pretty much burnt out on doing necessary home improvements, and living in a construction zone for the last few years. We've decided that we want to move to a different area, so we are having a new house built; should break ground within the next couple weeks. (Quiet neighborhood, better school district etc.)

As for this house, I'm pretty certain that we are far too upside-down to even bother selling at this time, so I'm going to be looking to rent it out. I figure I will have all my remodeling done just in time to move out so someone else can enjoy my hard work. Figures, right?

I belong to a few car forums, but have not had much luck with Real Estate advice. I think I may have found everything I'm looking for to get me headed in the right direction here on this forum.

I don't want to double-post or cross-post, so I figured I would save the details for a detailed thread in either the "Starting Out" or "Landlord & Rental Property" forum?