Or are you looking to buy and hold for long term wealth down the road? 

Holding properties in an LLC (or other legal entity) can offer valuable protection for your personal assets, so I understand why you went that route.

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.

Investment Info:Single-family residence buy & hold investment.

It appears to hold much year round potential with the right tactics and tools.

Those chasing the last 5yrs experience are going to be rather sad at what the next 5yrs hold for them I think.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

Investment Info:Single-family residence buy & hold investment.

I do not hold any actual real estate because I did not want to be concerned with being less fluid.

@Dennis Bragg I especially agree with you that "thinking about older buildings.. some folks underestimate how well older properties can hold up".