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Growing family. Rent out current house and rent bigger one?

We live in a 2b 2ba ranch in a HCOL area. 860sq ft. Have a 2yo and another on the way.

Building a backyard office 12x16 studio for work and some music play. Also have a huge deck with outdoor table for the summer. Great yard, good neighbors, love it here.

But it's obvious that our days here are numbered. Interest rates are so high that even with our equity, our purchase power is low and we're priced out of buying in our metro area.

What downsides might we face if we rent this place out and move to the burbs or elsewhere and rent a larger home?

submitted by /u/ericgray813
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source https://www.reddit.com/r/RealEstate/comments/1b0bzp2/growing_family_rent_out_current_house_and_rent/
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