Thinking about turning your home into a rental instead of selling? This article breaks down the pros and cons of each option, including a real-world financial example to help you run the numbers. Plus, we share tools to estimate your potential cash flow and important factors to consider—like whether you're up for the responsibilities of being a landlord.

Your home is more than a place to live, it’s a powerful financial asset. In this guide, we’ll break down what home equity is, how to track it, and the smartest ways to use it—from building an ADU to investing in a second property or upgrading your current home for long-term value.