The summer flew by and things have been progressing. We just closed on our latest rental. It is a giant mess inside and outside. This deal was bought from a local wholesaler who found it via a mailer. The same person owned it since 1984 and has since moved to Nevada and had it rented out.
The owner was in her 80’s and the wholesaler and I negotiated a carry back and it was pretty funny as she had a mortgage calculator in front of her as we discussed the terms. She was a really tough negotiator.
I think this is the only 2-story rental house we own, because we buy mostly smaller houses and don’t want to limit our market we mostly stick to single story properties. At the end of the day the numbers work and we have some good financing so this should be a good rental.