Thanks for all the info alibaby!

We actually found a good deal on a house, not from an agent though. Its not in the state we currently live in, however, we would like to buy that particular house because of the great price and try to rent it out until we are ready to move from where we currently reside. We are still debating on wether we should take it or not. Whats your opinion on renting out the house and is there anything specific i need to look out for?