[TibHockeyPlayer]

Hi, I'm a newbie to the notion of renting homes to make money, and I seeing how the CP community has rather knowledgeable members, I have a few questions. I'm of university age, and I've been considering putting down a small down payment on the purchase of a house which I'd like to rent out. I'm guessing I would have rather large mortgage payments, so i would have to rent the upstairs and basement separately or adjust price to receive a payment(s) in excess of what I would be paying in mortgage and bills per month. Ideally, I'd also like to sell the house (also considering the tenants timetable) hopefully within a 2-3 year period for a profit. As I'm new to this, I'm sure there's a ton of things I need to look into more closely, what things should I be considering, worrying about, weighing etc? Just anything that I need to be aware of when making a foray into the renting out and selling a home for a profit. If it was so simple, I'm sure a lot more people would be doing this, thus I'm hoping this topic will be a good start, not just for myself but for anyone interested. Thanks for any information in advance!