Primary residence converted to medium term rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $499,000
Cash invested: $60,000
Primary residence converted to furnished medium term rental. I thought about selling when I moved, but decided to keep the property long-term. Not concerned about cash flow, just want to break even for now.
How did you finance this deal?
FHA
How did you add value to the deal?
Redid the pool & guest bathroom
What was the outcome?
break-even