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Maybe you’re having trouble making your mortgage payments. Maybe you just want to downsize. Or maybe you simply want to escape your everyday routine and travel the world for a year. Regardless of your circumstance, renting out your home to pay your mortgage has never been a more popular option. But before you rush to list your house on Zillow and Trulia, know that renting your home could actually land you in trouble -- if you don’t take the right precautions first.
Read MoreVanilla or chocolate ice cream? Coke or pepsi? Renting or buying a home? These are some of the world’s biggest debates -- but unlike choosing an ice cream flavor or a brand of soda, the decision of whether to rent or buy could affect your financial future for decades to come.
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