Then maybe 1500/month holding costs. 

Sorry, I didn’t answer the second question… again, discussions would need to be had but this would be a long term hold… 5, 10, 15, 20 years.

Is this market dynamic and climate now still beneficial for long term buy and hold investing? 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

They asked how we got a hold of a site from a private listing.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members.

Whether you are looking flip the property or hold on to it, getting a 6 or 12 month fix and flip loan doesn't lock you in for that time.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Someone just put in an offer. lol Now, I have to decide to hold or sell after a counter.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Miami.