To find competitive pricing, look into the rental prices of nearby multifamily properties that are comparable to yours.Take into account all of the running costs, such as insurance, maintenance, taxes on the property, utilities (if not individually metered), and, if necessary, property management fees.Take into account the principle and interest payments associated with your mortgage.

Look up local ordinances, laws, taxes, and insurance.

@John Underwood - Are you talking in terms of regular property insurance? 

., tax implications, insurance, etc.)? 

Also, during those 2-3 years you may have to bear to obtain possession, the borrower will probably ignore court orders to pay insurance and property taxes, leaving you out of pocket for those costs.  

I need to get a landlord insurance policy. 

A Bookkeeper can set up your Accounting system, sync your bank accounts and would be able to work with you to make sure everything is being tracked correctly and you can keep an eye on your balances.Let me know if you need any help with your Books, I would be happy to have a chat.Otherwise, QuickBooks is the most common Accounting Software and I set up all my clients with a BOX account for document storage, since it is free up to 10 GB. 

We rent out our previous home and bring in $600 a month on it after mortgage, taxes, and insurance, but she doesn't see it as an investment property and so it has been hard to continue investing without her support.

Typically a lender wants to see a couple years of documented employment/income history. 

Find out if they are properly licensed and insured.