When you inherit a property, turning it into a rental can be a great way to earn some steady cash. However, with this comes the role of being a landlord. This means you've got to find people to live there and take care of them as tenants. On top of that, keeping the place in good shape through maintenance and repairs is on you too. And don't forget about dealing with all the tax stuff that comes with getting money from renting out your inherited home.