I had my real estate license so I have some level of understanding of the process, but my full-time job has consumed my time so I've focusing on that instead.For background on the property:*15-year old townhome*3 bedroom/2.5 bath*Unfinished walkout basement*Trex Deck*Good schoolsTo prepare to rent I've replaced all 3 toilets with brand new units, new sump pump, new garbage disposal, new modern kitchen faucet, and new washing machine water lines.

Every area is different and every area is filled with different consumers needing different demands to be met.

Also, this means all the "regular" consumer protections built into conforming loans may not, or will not for that matter, be there.Honestly, the best thing to do is talk to your lender, or find a better one that will figure out the best option for you. 

Hire a property manager (if not self-managing)Being a landlord can be more time consuming than it might appear.

@Scott Weigel when talking to people in the  industry - yes ....when talking to  the  regular  consumer - no ..a term  more  political  correct like "alternative " loan programs   is better understood

Rezoning is a time consuming process in most cities and should be avoided.

Changing that to match the deed and county 911 records was a simple letter from the town- but time consuming.

It's also funny how as realtors if we try and educate consumers on what's actually happening in the market, people say we have an incentive to say that the market is not going to crash.

While rent growth in 2022 is still higher than any previous year on record, it is the fourth month in a row year-over-year rent growth declined,” note Yardi Matrix analysts.Yardi Matrix said rents are forecast to increase at slower rates for the rest of 2022 as the economy “cools off.”Inflation rates will take a while to ebb, “causing consumers to cut into savings and their ability to afford increasing rental rates will lessen as the year goes on,” states the latest report.Meanwhile, rents in the single-family build-to-rent (BTR) sector continue to grow and reached another all-time high of $2,071 after climbing $23 in June.

The City has provided water/sewer to the property; you may not be using/consuming the services but the property has the lines in place - and that's exactly what you want.