It finally happened...after months of submitting offers and numerous hours of workshops and networking, we acquired our first rent house!! I say house but for some lucky family it will be a home. Maybe I was so excited about not being in a bidding war that I didn't think much of a 24K rehab budget. Since we bought it from a wholesaler all we had to do was be the first person to hand over a nonrefundable 5K deposit. Nonrefundable. Don't look back!
The 24K rehab budget was, should I say, a little underestimated! At first I was overwhelmed with the foundation, a/c, new water heater and the stench from the gawd awful carpet in the bedrooms. But wait!! There's more!! After the engineered wood, French doors, and granite countertops became victims of the red pen, I reconciled myself to the fact that this was a rent house and it was up to the new inhabitants to make it a home. Bring your own scented candles for crying out loud. I was pretty satisfied with myself for giving up the dream when my smugness was handed a reality check. We had no pipes!! I remember one of the contractors saying, "Well, this is a game changer." I believe the color was leaving my face while my eyes had that deer in the headlight look.
The copper from the a/c unit as well as the pipes in the attic were gone. I guess that explains the holes in the sheetrock. And the ceiling. And the hardiplank.
And so Act II begins. I will continue to sub at Kinkaid (I now bleed purple and gold) and mentor my precious Jackie. Jack and I will create a lifestyle that will enable us to travel, go on mission trips, and spend time with family and friends. I am so excited!!