Primary residence turned investment

[Chateau Waubun]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $222,000

5 bed 2 bath 2960 sqft single story rancher on .8 acres

Lessons learned? Challenges?

I actually made out quite nicely. Being a first time landlord I may have under priced my rental but it covered the mortgage and I have been without a tenant for a grand total of 15 days in 6 years. In that same 6 years I have had to replace the stove and water heater, have the dryer and oven fixed, and had a tree trimmed and an eve repaired. All in all I have broke even between rents and mortgage and repairs but the property has gone up about $100k in value. WIN!!!