Thank you very much, to all of you, for taking the time to respond. This would be my first rental, so obviously it's a bit intimidating going through the motions on even where to start with renting! Any suggestions on where to get more information? I don't necessarily need the money, I've already put 20% down on the new property, and if all goes we should be closing in a few weeks.
My goals would fall in line with renting the property, it's getting over the hurdle of actually taking that step. I would like to hang on to this property as it does appear to have good cash flow.
Tony - I was definitely thinking about the capital gains aspect of your post and is indeed something I need to do more research.
I've talked to a few folks and they mentioned using a property management service, any thoughts on that?
