<prompt> Human: Background: My wife and I bought a house over ten years ago in which we currently live. Four bedroom suburban home in a good neighborhood, two car garage, yard, etc. We dont have any other properties, we have little in terms of assets we own both 10 year old vehicles outright, combined income approx. 7500month, student loan payment 115month, credit card debt 4K. The value of our current home is approx. 325K, existing equity is slightly over 100K. We have two kids, our 1970s house seems to be getting smaller each year, were looking to upgrade.The real estate market is HOT in our area right now. Anything worth buying is on the market for only a few hours before multiple offers emerge. When we found a house that worked for us, our extended family facilitated a loan of 330K so we could make a cash offer on the house. No idea what hoops of fire needed to be leapt through to make it happen, but from one day to the next, we had 330K in our checking acct. Pretty sweet to see that at the ATM. The assumption is this: we will purchase the new home outright with cash-in-hand. After that we sell our current home for 325 which will put about 100K in our pockets. Then we re-finance the new house, use it as collateral and take 230K cash back out of it, leaving us with a new mortgage. This way we can give the family member back 330K. My question is, in the interest of generating a new revenue stream, what would the logistics be of keeping our current home and renting it out? Given the condition of the market, it looks like we could rent the house for about 2000 per month. Our payment is 1100 per month including mortgagetaxesinsurance. This seems like it could be a windfall, presuming you could find good tenants and find the time to deal with becoming a landlord. If this were a consideration, could I still pay back the temporary loan of 330K by refinancing 230K out of the new house, then paying the family back over time to the tune of 900month from the new rental income? This would take some convincing and negotiation of course, and family may not go for it, but if they did, what would be the best way to secure a strong position in this unique situation? I feel like there is an opportunity which could be overlooked if we buysellrefi.Any other approach not mentioned worth considering? Thoughts are welcome, thanks in advance ---  <response>: You have a 4 bedroom home with a 2 car garage and 2 kids and you think you need to upgrade? You dont need to upgrade. Stay in your home and dont make this stupid financial decision. 