Tanya,
From my experiences you really just need to do the maths of expenses (paper and real) vs income.
For example, income will = rent
Expenses = interest on loan, property management fees, rates, insurance, maintenance (factor in although hard to predict sometimes).
Then recognise that there will be paper losses attached to your property in the…[Read more]

This is assuming you do not go and by another residence that you use as your principal place of residence. If you do then the original home will be pro rated on how long it is rented for vs the time you lived in it. I think this is correct.