Details on my 2nd SFR Deal

[Benjamin Rogers]

House: 884 sq ft, 3 bed, 1 bath

Location: Birmingham, AL

Source: online auction site

Purchase price: $35,750

Rehab: $2,882

Property Mgmt: 10%

Rent: $850/month

This was my second rental property acquired in 2017. It was very well-maintained by the previous tenant, who died in the house. My only frustration was the length of time (roughly 2 months) it took for the PM to perform basic repairs on the place and get it rented. I eventually realized that they listed the property without pictures, which likely would have made a difference as this is one of the cleaner houses on the street. My failure to manage the manager. Overall, though, I'm quite pleased with this deal. Wish I could find several more like it!