How to Turn Your Home into a Rental Property
If you want to turn your home into a rental property, you might have to refinance it. If you don't need to refinance your mortgage, you don't need to do anything to turn your home into a rental property. If you need to refinance your mortgage, you will have to refinance your home as an investment property before you can turn your home into a rental property. Look at your mortgage and find out if your home is required to be "owner-occupied" or if you need to refinance your home to turn it into a rental property.