Gaining experience using someone else's property

[Joe Rivera]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $210,000

My business partner purchased this property and asked me to handle the remodel and the management of tenants. We are considering taking this 2 bed 1 outdated bath house with a detached 1 car garage. Remodeling it to be a 2 bed 1 1/2 bath house, detached garage that is converted into an office/workout area with a half bath in it. We are going to use the house as a short-term and mid-term rental.