Lessons Learned On My First Rental Property

 

Getting Started

In May of 2016, I purchased my first rental property – a small, 3 bedroom, 1 bathroom house in a town in North Georgia. I purchased it for $43,000 and put, roughly, $15,000 into it to get it up to what I thought were acceptable standards for a modern house.

Once the house closed and I had the key, a friend who had experience remodeling houses, and I went there to look over what all needed to be done. I knew what I thought, but once he gave it a look over, it was a different story…

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