My first deal March 2013 (with pic)

[Pavlos Kasselouris]

This was my first ever deal, and I did a lot of the work myself. I lived in it until Sept 2014.

3/2  1200 sqft

Currently I rent it out for 1300$, property taxes about $2000, insurance $750,  tenant pays utilities.

Short sale purchase price $70,100.00

Rehab cost $30,000.00 ( 22,000.00 initially, the rest over the course of the one year)

ARV $130,000.00

I will either refinance to move on the next acquisition, or will exchange it for an apartment building later.

I would appreciate your thoughts.

Thank you!