Renting out a home requires significant due diligence, making it as demanding as a full-time job without the help of a professional property manager. You will need to find out the local and state zoning laws of your area and ensure the home is in top shape, clean and presentable with updated appliances.
Beyond the structural and interior requirements, you will need to be aware of the operating costs. To determine this, add up the cost of the mortgage, utilities, maintenance, and estimated repairs, and then compare those figures to the local renting market to determine a rental price and list the property.