Frequently I'm asked "should I consider renting out my home"? Sometimes it's someone who has had the home on the market for several months and needs to move on. Sometimes it's someone who wants to sell for more money than the market is offering. Sometimes the reasons can be quite complex.

Question 1) How much equity do you have in the home and do you need that equity to be able to get a new property? Many times people who bought at the market peak could have little or no equity. Rather than write a check at settlement, or doing a short sale, renting out the home could be a valuable option