I am considering the idea of renting out my townhouse and moving closer to Phila (but NOT over the line, hell no) such as Abington, Cheltenham, Wyncote, or something like that - hopefully also to some place cheaper.

I know there are issues with becoming a Landlord in PA. I don't like the idea after realizing how much of a pain and financial risk it can be, and I know one bad tenant can ruin your life. But, I find that I may not have much choice in the matter.

I know there are also IRS issues, tax basis issues, and so on... I just wanted to see if anyone here was already a landlord and could clue me in on some of the ins, outs, and pitfalls of becoming one...

Thanks in advance...