On November 30th, 2015, we closed on our very first rental property – a 3 bedroom, one bath home in a nearby neighborhood. The pipes we corroded, the kitchen was a disaster, and the hardwood floors all needed refinishing (which I have of course never done in my life).

It was a big project, but we were starry eyed with the investment possibilities. After all, we had the cash for a complete purchase and figured that 100% of the rent checks would go directly in our pockets.

Were we a little naive?

Of course.

But we all get a little naive with excitement, don’t we?

Related: Our Offer Was Accepted. Let the Rental Games Begin!

We Bought a Rental House With Cash

You may be thinking, “How in the world did you buy this rental house with cash??”

Long story short:

I hate debt. It makes me nervous, angry, . . . → Read More: We Bought a Rental House With Cash – One Year in Review