My first rental property.

[Wenyu Zhang]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $52,000

My first rental property. A 3b/1b single family house in Orlando. Brings me about 12% ROI.

How did you finance this deal?

15% down conventional loan.

Lessons learned? Challenges?

Bought with tenants who stayed there for over 6 years. Rent is very lagged compared to current rental market. Thought it's a turn-key deal since there's no vacancy. Later realized that it's hard to increase their rent with a huge leap. Lesson learned: long-term tenants' rent is usually lagged probably because most landlords are very kind with their tenants. In a hot rental market, no need to purchase a property with tenants inside.