Turning your house into a rental property can be a lucrative investment opportunity, but it's important to be well-prepared before taking the plunge. Firstly, familiarize yourself with local landlord-tenant laws and regulations. Each area has its own set of rules governing rental properties, including lease agreements, security deposits, and eviction procedures. Understanding these laws will help you navigate potential legal issues and protect both yourself and your tenants. Very important, especially in California. 

Secondly, consider the financial aspects carefully. Calculate the potential rental income against expenses such as mortgage payments, property taxes, insurance, maintenance costs, and vacancies. Ensure you have a solid financial plan in place to cover unexpected expenses and periods of vacancy. Additionally, it's wise to budget for regular maintenance and repairs to keep the property in good condition and maintain its value over time. By doing thorough research and planning ahead, you can set yourself up for success as a landlord and maximize the benefits of turning your house into a rental property.