That Spouse o' Mine and I went out and bought a house this week.
Ha! Not for us - we already have a ca 1887 farmhouse we call home. AND this is our third home, living in three different college towns. (And more accurately, we live outside the city limits of said college town.)
When we were the parents of three concurrent college kids, there was little chance that we would be able to afford to both pay college tuitions (in triplicate) and purchase a student rental home, as so many parents do, in order for their kids to have a place to live beyond a college dorm. I am not really sure how we financially got those kids through college, but somehow it happened. It's a blur...
Now, fast-forward about a decade, and we two have some time, and some money. Not a whopping amount of either, mind you, but enough that we decided to look at student rental investment this past month.
We (that Spouse o' Mine, actually) came upon a cute house not far from the university which looked like it had some potential, if someone (me, apparently?) had enough time and energy to envision its potential.
So we bought it. And now, the angst and anxiety. And now, the excitement and fun. And now, the Omigoodnesses. In both directions.
This house was built way after our own 1887 farmhouse. A contemporary, built in 1920. Pocket doors. Brass hardware throughout, which has also been painted over throughout. (Too many landlords before us have sought the easy way. Who knows? Maybe we will, too.) Leaded glass windows. Beveled glass front door. Of course, hardwood floors.
Yes, there are issues - what house has no issues?
Today I changed the locks, hung a curtain in the front room (it's Fake Patty's Day today; read: lots of drinking and drunk college kids walking down our sidewalk while I worked on switchplates and such), measured all the windows, made notes for new bathroom vanities and more.
It's a starting point, this weekend. So many of our friends are landlords in this college town and others, so this is probably a yawn for them. But for us two, it's a new venture.