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Updated over 10 years ago,
Just beginning in Nashville.
Hello everyone. I've been read quite a bit here on BP but this is my first post. I fence toy purchased my first rental home as an owner financed property. Of course once I got into the home (after I evicted the previous tenants) I ran into more problems than I anticipated. I'm nearly finished with the rehab and I am get close to listing.
Being a newbie of course I am sure I overpaid for some labor. I'm pretty handy so I did a lot of things myself leaving the bigger jobs to the skilled. New paint, new base cabinets, added a shower to a tub only bathroom. Which brought another issue. Does anyone know the least expensive way to protect the walls in the shower? Would it be tile or lining? There is only drywall right now. I would like to get the house section 8 ready but there is still work to do I order to pass codes.
My next question is should I take care of this whole process myself or use a property management group in the beginning. I have a friend that has a small company that is also up and coming. She would receive a half months lease to find a renter then a percentage thereafter to manage. I work full time so this may help to stay on top of the property. Is this a good idea?
Thank you for reading my post I have many questions. If there are other investors in Nashville who are familiar with the area please chime in.