Purchase price: $271,000 this is the first property I bought, I put 0% down on this, it cashflows me about $350 a month. this property was a good investment, and I think I got lucky. my real estate agent found this for me as it wasn't being sold on market. truly a gem.

In 2021 I bought a 4 unit property as my first investment property. 

I can't wrap my head around the fact that people bought into such a thing..... 

I actually used to have a game modeled after Monopoly that was called Slumlord😂 same type of antics with buying property, maintenance cards, dealing with code enforcement etc… Bought it at a real estate convention 

That kind of shoot-from-the-hip approach can be fun for a minute, but it usually ends up like my old buddy Rick’s first deal.. he bought a distressed fourplex in Tucson years back without a real plan, and while he eventually turned it into a solid monthly cash flow, he spent the first six months sleeping with one eye on the tenant ledger, praying the HVAC wouldn’t bail on him after a hot desert day.

Bought on Contract For Deed and only recorded the notice.2.

You should have/could have screened them when you initially bought the property, but there's no point doing it after you've had them as tenants for a full year.

They bought a second home near a popular tourist area, lived there for the summer, and rented it out during peak seasons.

I bought my first single family LTR earlier this year as a buy & hold, now starting to explore next steps.

I bought probably 80% of our investment properties in fall and winter.