We hold a license and face criminal penalties . 

Hold the property in the LLC's name for liability shielding, and use it for rent collection, expense management, and centralized operations.

If you believe it will continue to appreciate (like most of San Antonio), I would hold on to it even if there's a bit of negative cashflow for the first year or two. 

Hold on to it and wait for the appeal judgment2.

Cities in the San Francisco Bay Area are charging vacancy taxes because they're seeing people with a lot of capital just buy up properties to hold onto for appreciation and not renting them out.

Now if rents hold, the leveraged investor can still ride it out and be OK over the long haul, but if rents also decrease, well that is where problems start.Others alluded to this fact, but I wanted to point it out directly.

15 - 20 year hold time.The rental investment calculators show that the four $300k properties would have a lot more equity in the future and many times the cash flow after a few years, but does the extra maintenance, management time and expense, etc. outweigh the numbers?

Sometimes you need to know when you can hold em and when its time to fold em and move on.

I'm a buy and hold investor.

I bought the land and my builder buddy is putting it up at cost we plan is to hold or maybe I buy him out.