converting a principal residence into a rental property?

The pros depend on your situation. It's a plus if you can't sell your home, or don't want to and want to move elsewhere.

I did this a few years ago with good results (but I had a desirable property and was able to keep rents high), but remember that if you do this, unlike a primary residence sale, when you go to sell an investment property later (your primary converted to a rental), you will pay capital gains tax on any gain (if there is one).

You can defer tax liability if you sell it later using what's called a 1031 exchange (which is what I just did).

If you can manage it yourself, do this ... and save 10% of rent to some property manager. Of course if you can't manage it because you don't have time or the desire, then hire a property manager who knows what they are doing ... especially when it comes to qualifying tenants.

not near enough room here to do it justice.

visit local library for dozens of books so u can

learn least u get burned.

u will need to learn your local laws, insurance rules,

code laws, health laws etc.

good luck.