Should I buy a house and rent it out?I'm currently renting a house for $1500/month (3 bed 2 bath 2000 sq ft ranch). I do have enough cash to put 20% down for a new home purchase ($250k - $300k). The problem is I am not sure if I'll live in the house for more than 1 or 2 years and I don't want to sell the house if I don't live there.Will renting the house be a good option? Since I have already signed the lease till June 2013 and if my landlord is not willing to break the lease, can I buy a house and rent it out right away through a property management company?It just seems that I am wasting money paying rent where I don't build any equity at all.Thanks in advance.July 04 2012 - Plano00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.