My first rental property, Gainesville, FL

[Travis Chaney]

I am Excited to say that I am purchasing my first investment property. This is going to be a rental property near the University of Florida. Ive been studying real estate and investing for years but the one thing I never really did to much research on was the being the landlord part. The rental season starts in August and revolves around the school year. There are already 2 tenants in the unit from the previous owners and their lease runs through 7/31. Currently only 2 of the 3 bedrooms are rented. I believe in this situation, to make the most cash flow I will have to rent the rooms out individually which will require 3 separate leases. I really don't think it will be a problem due to the location and close proximity to the University. Im excited, nervous, and overwhelmed at the same time. Wish me luck!