Long term rental converted to Mid-term rental

[Rick Wiedenhoeft]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $234,000
Cash invested: $60,000

SFR we had a LT tenant and are converting to MTR right now for availability 9/1/23.

How did you find this deal and how did you negotiate it?

Agent who knew we were investors called with an off-market opportunity

How did you finance this deal?

conventional loan

How did you add value to the deal?

replaced supply and waste plumbing lines, all new flooring, removed panelling and popcorn ceilings and paint. Re-screened back patio and removed derelict shed.