343 Olde Mill Drive Single Family Rental property

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Investment Info:

Single-family residence buy & hold investment.

Purchase price: $265,000
Cash invested: $10,000

This house started as my primary home. FHA with 3% down. Moved and rented and cash flowing monthly!

What made you interested in investing in this type of deal?

At first I wasn't but we had to move and renting it was the best option at the time.

How did you finance this deal?

FHA

What was the outcome?

Successfully rented with long term tenants. I plan to continue to hold this one because it's in a great neighborhood and will continue to appreciate.

Lessons learned? Challenges?

I was definitely new to being a landlord and learned to keep lease terms to a year.