Thanks for your reply. I'm pretty new to this and still learning so pardon my annoyance. So how do you determine your rental income? Don't you consider your monthly mortgage in the equation? For example: Mortgage = $1000 Rent=$1400 1400-1000=$400 rental income (?) Is that how you should...

I bought my first house in Edmonton when the market was at its peak and is currently paying $1900/month for a fixed-term mortgage due 2014. I would be losing about $25,000 to 30,000 if I decide to sell it now. I want to buy and move to a new house and have the current one rented but figured...