<prompt> Human: Does anyone see a problem with renting out my current home and going back to live with my parents? I want to save more money for a wedding and possibly another home. Money isnt tight but I can save a boatload if I rent my house out. Selling is not an option because I just bought the home a year ago and have little equity.What sort of complications would I run into?Assistant: Sounds like a good idea if your parents will allow that. Just be sure you are ready to be a landlord. Its not just collecting a check every month. Make sure you have an emergency fund set up in case the house needs repair, or if the tenants jack your house up. I suggest at least reading a few books on renting propertybeing a landlord and make sure you know exactly what youre getting into. Human: im planning on having a property manager do all that. Even if I pay them 10 of my rent, Ill still save and make money. And all the tenant bullshit Im ready for that. Ive read everything there is to know.  <response>: I had a worse experience with the property manager than I would have with the tenants. One tenant didnt want the washerdryer, so I asked the manager to store it for me. When the tenant moved out, I was THEN told the washerdryer didnt work.Plus the last tenants who moved out about a month after I stopped using the property manager--felt they were not communicating well told me that the property manager didnt fix things that were promised and didnt respond to their requests for months.Really, manage it yourself, especially if youre staying nearby. The catastrophes are few and far between and even if you run into them, youd still be paying for the cost of repairs or unrented time even with a property manager. And you may be paying a premium on those bills--some charge an extra 10 for their time to coordinate with the plumber or whatever.Have some repairman contacts handy. If you have a realtor friend, theyll likely have several people they trust. The biggest issue is having a way to get a credit applicationscorebackground check and rental agreement. Again, a realtor contact can help out. 