Bought my condo but may need to move soon. Wasn't expecting things to move this fast and I haven't owned the place for a year yet.

Anyone ever been in this situation? Should I rent it out? Can I rent it out?

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You can rent it out but should you depends on the mortgage and market rent

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I appreciate the insight. Thank you.

Use Zillow and see what rent in the building is. Property manager typically charges 10% of rent payment. Use this as a starting off point. Even if you can’t cover your entire mortgage by renting each month, if a tenant pays 90% and you pay 10%, there’s still a profit to be made as you pay down the equity

Depends on the mortgage and the property (condo bylaws). Turning it into a rental that fast could get you into trouble.

With a VA loan you have to move in within 60 days and can't rent it out until you have lived in it for a year. I dunno how they would find out, but it could be a headache if they do.

You wouldn't happen to be going to BMT?

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