Old Mansion Turned into STR! (Updated with Photos)
Investment Info:
Large multi-family (5+ units) buy & hold investment in Fayetteville.
Purchase price: $350,000
Cash invested: $150,000
The oldest home in the city turned into an 8-unit short-term rental! We ended up spending more on renovations than expected, however, the property is refinanced and cash-flowing. We ended up leaving a significant amount of equity in the deal. Many more repairs than anticipated.
