I totally agree with your assessment. We don't make enough alone, and together it only seems to work with the revenue stream.

I am on the edge.

Thankfully, if I did attempt to rent out the old house and we got into a financial situation, I would immediately take the steps necessary to balance the books. I do have a reasonable 401k balance that I would never touch unless it was to pay bills on time while we sold the old house but I would be checking my accounts to head off dipping into the 401k to begin with.

However, do I want an added amount of stress on my life?

For the first time ever my wife and I feel like we are in a good place financially. We can afford our bills, we are building the emergency fund. Once our emergency fund is funded we are going to increase our 401k contributions and loan payments. Now this job opportunity opened up and, you know the saying.. mo money mo problems?

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The house I live in is in a hot market and its still not cooling. Time on market is 3 days, that is an improvement from 1 day. We do not have enough housing inventory.