What was your experience with your first rental property?

[Julius Robinson]

I’m in the process of trying to get my first rental property (not sure if I want to do single or multi family) but Im having a little bit of cold feet... what was some of you all experience with your first rental property?

[Max T.]

@Julius Robinson it was an owner occupied duplex purchased with a conventional loan. I lived there for 4 years. My initial tenant paid about 85% of my PITI. I still have it 8 years later and rents have increased over time. I refied 70k out last year - half went to rebuild the front wall and the other half went to a renovation on a new investment property.