Buy and hold duplex with long term tenants

[Mike Paolucci]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Columbus.

Purchase price: $190,000
Cash invested: $51,906

3/1 duplex with long term tenants

How did you find this deal and how did you negotiate it?

Agent found this off-market.

How did you finance this deal?

Conventional

Lessons learned? Challenges?

Property had some light water intrusion in the basement. Trusted my Property Manager to take care of things and install block windows and seal up any cracks that were causing water intrusion.