Hi I’m in the Winston salem market and Im working on closing a deal on a 2 bed 1 bath for 23,500.

Keep saving and by the time you are ready to move out buy a 3 or 4 bed house in a nice neighborhood and get 2 or 3 roommates and house hack. 

It had two units and what used to be a Bed and Breakfast.

She said she was scared to get her things so I had our contractors bring two pick up trucks and a flat bed trailer.

Added a extra bed room and extra bath Lessons learned?

Purchase price: $80,000 Cash invested: $10,000 3 bed/ 2 bath on 2.5 acres with a 2 car garage What made you interested in investing in this type of deal?

The building was up for grabs and we decided we would purchase it as our first multi family property.Both units are three beds one bath on a large plot of land with a big fenced in backyard in a quiet residential area.

You can do updates which can help to make your condo more attractive to prospects, but if you are buying in a community where rental rates are normally $400 per bed then your updates are not going to be able to justify charging $500 per bed (normally).

Regarding the cleaning service; does that also include changing bed sheets, laundry for towels/linens to get ready for next guests, etc?

I live in the master and rent out the other 3 bed rooms, which covers the rent.