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Where do I get started: I want to move, be a renter and rent out the house I own

So this might get some flack here, but here's the short story:

I own a home. I bought it in 2020 so I have an insanely good interest rate and don't want to lose that. I don't like where I live (it's not dangerous or anything, it's just boring). I live in south NJ.

I want to move to north NJ closer to NYC. I can't afford to buy/own two homes, so my idea would be to rent either a home or apartment up there.

Because it's such an expensive area, I feel like it would be a good idea to rent out my current home to help pay for up there.

I know this is nonsensical to some people: renting out a home I rent just so I can rent somewhere else myself, but I'm just really unhappy with where I decided to buy and want to live somewhere that makes me happy. This seems like the most financially feasible way to do that.

1) So my first question I guess is...what is the actual order of operations for this? Obviously saving up so I can afford a few months rent up there while I look for a renter for my house

2) Do I need to have a special license to rent out my home?

3) How soon would I actually look for a renter/is it normal to put rental listing that are like "contingent with owner finding new residence" like there is with buying?

4) What type of credit score is typically required to rent (I've never rented before) and does disclosing that i also own a home help if I have a poor credit score?

submitted by /u/OvernightSiren
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ux8jdy/where_do_i_get_started_i_want_to_move_be_a_renter/
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