Yeah man, I'd love to talk you more about what works best for you & what doesn't.

Hey Ilyas, let's connect man.

It's a great opportunity for my family to have some additional income down the road.But man, it is tough telling a young family with 3 kids that aren't going to be allowed to rent the house due to prior collections owed to landlords and vehicle companies. 

I'm a married man with three kids and one on the way.

. :)Thanks for the perspective man and you're right that $200 isn't going to by my "why" for renting it out.

@Arron Paulino man hate to hear you had a rough go with some unscrupulous folks.

@Nick Rosenbeck hey man, good seeing you on here!

I agree with the items @David Liu mentioned but add insurance, vacancy, property management (even if self managing because it is work), misc (mostly items divided across all units (bookkeeper, LLC, umbrella coverage, tax man, office expenses, etc) as well as one off items such as utilities due to slab leak.  

thanks man for letting me know. i actually have a home office at the house so i will just claim the home office on my taxes. really appreciate your response

You can choose to call the other two and say, "Hey man, thanks for getting me that rate, but Johnny down the street came in with a good one, so I'm going to go with them" or not.