In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

Do post back here at a later time with your observations on the repair dispatch process and pricing.

While currently unrented, the duplex may serve as temporary housing for tenants from a nearby commercial property I also own, which requires repairs.

The property’s potential for strong appreciation, combined with its appeal to high-quality tenants seeking modern living in a historic setting, made it an excellent addition to my portfolio.

The property’s potential for strong appreciation, combined with its appeal to high-quality tenants seeking modern living in a historic setting, made it an excellent addition to my portfolio.

This investment aligns with my strategy to develop high-quality rental properties in thriving neighborhoods, where both rental income and property values are steadily rising.

This investment aligns with my strategy to develop high-quality rental properties in thriving neighborhoods, where both rental income and property values are steadily rising.

If they are 40-50 years old then potentially it would be more expensive to maintain/repair them.

I added value to the deal by initiating cosmetic repairs to make the units rent-ready while preparing for more extensive renovations.

I added value to the deal by completing quick cosmetic repairs, allowing the property to be rented immediately and generate cash flow while preparing for ADU construction.