Investment Info:

Single-family residence other investment.

Purchase price: $275,000

Cash invested: $275,000

First personal home for investment built for $275,000 and appraises for $137 per square foo...

I thought about a regular mortgage but the stockpile of cash would have to payout twice a month and would cut the timline down drastically.

We are not too from June so it might be worth pulling out the next worse scenario which is small business bankruptcies, continued high unemployment, huge damage to local and state funds and thereby cuts in basic services, fall in consumer demand and then a cascade that impacts other businesses and eventually rolls into the housing market in the form of foreclosures.

So Ive had my first Covid-19 related event happen, One of my tenants had her hours cut at work and had her roomate loose her job so she cannot make rent anymore.

I believe it was in the fall, when you don't really need to cut grass too frequently, but either way, property failed. 

I have some trees that I need to get trimmed, possibly cut down. 

It doesn’t seem ideal to poor my money into a property that’s not mine, but I’d still like to take an edge in my market.

It might be an easier place to cut your teeth than SD, OC or LA (in terms of initial outlay) or out of state (in terms of access).

Look man everyone is on edge.

With schluter strip edges (a nice edge piece of anyone is familiar) anyway I’m not sure how tile pans out.. or if anyone has any amazing suggestions.