DH and I want out of our house. We are outgrowing it, don't like the neighborhood, etc. However, it was purchased in 2006 and is now worth much less than we owe on it.
To make a long story short, our only option (if we want out) is to rent it out and move elsewhere. I realize we would have to rent for a while we saved up to buy a second home.
Does anyone rent out their home? How does it work out? Is it stressful or a total hassle? Any logistics/tips you would like to share?
ETA: The rent we would charge would be less than our mortgage. However, our mortgage is so ridiculously expensive that we would be able to rent our new house for much less and the total cost out of our pocket would actually be less than it is now.