ThanksLaneWhile it is convenient to rent out your previous residence (financing is already in place, no out of pocket, you are familiar with the house and neighborhood) you should always think of it as buying the house from yourself.  

Hello Dante,As we research a potential area we normally assess employment opportunities, public transportation, and shopping convenience. 

It is located conveniently close to grocery stores, major interstates and the downtown area; much closer than most.

Conveniently, I always need more stuff...Home Depot is closer to me, so I go there more frequently.

When they have a maintenance problem, it needs to be fixed today or at latest tomorrow by a skilled, clean-cut, courteous service person at a time convenient for them.  

Hi Sean: Please call me at your convenience (502)472-2625.

An opportunity just came up on the market right on a corner block directly across from a block where my dad currently owns 3 properties, so it is conveniently placed as well as just dropped by 30% this week from $60,000 down to $40,000.

Although I upped my deductible substantially (5k, I don't file claim typically) my premium was lowered, and enjoy the convenience of a working relationship with a agent that is responsive, and experienced with investors.

@Manuel for a title and escrow company find one that is well established in your area, that is convenient to where you are.

Stores, medical/dental offices, convenience stores, grocery stores, etc.