Newbie, My first deal

[Thomas M.]

First off wanna say this is a great forum, been learning alot over the 6 months i been reading posts.

Just got my fist property rented through Section 8 for $600 a month. Here's the specifics, wanna know if I'm off to a good start, and seeking advice.

Doublewide mobile home
Land- 2 lots in the city limits (good niehborhood)
Paid Cash- $13000
Rehab+ Heatpump/ac+utilities- $3000
Total invested = $16000

My plan is to rent it out till i get all my money back, then if I do not like landlording flip it, if i do hold it.