Tenants? Check.

The first numbers for this property are starting to roll in. The current tenants of one unit are paying $1,300. The other unit is vacant, and is where we would live.

Now we are waiting on getting the expenses. The other aspect we need to be working on is getting a sketch to the Zoning Dept for New Haven, to check on a few other issues.

Our RE agent is expecting a July closing date, if all the expenses check out well. My last day working is July 18th, so the closing has to be before then. I want to take off until September 1st to work on the house and get settled.

At this point, I am leaning towards getting a job for a while, so that we will be secure, and then starting something else up on the side. Once that side work gets strong enough, I will leave the job to focus on growing the business.

Now, what shall the business be? I really want to be doing rehabs. As soon as we close on this house, my next step will be learning everything about starting a rehab business. Where to get funding? Which areas are preferable for rehabbing? New Haven has a lot of areas that are in need of some help, so I would love to be working on that.

I am so nervous, excited, scared and hopeful. I am so looking forward to becoming an ace at doing this.