First Mid-Term Rental Investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $375,000
Cash invested: $70,000
Purchased a single family residence three blocks from a level 1 trauma center. Today, I received my first tenant for 70 nights. I plan to refinance after a year (hoping rates are lower), remove PMI, and cash out my investment so that I can buy property #2.