Is there more long term appreciation possible if you hold the units longer?

I have a couple of friends who have several rental units in Gettysburg and said the rents are good and he has many professionals who stay for a good amount of time and pay on time.  

We have had our units on RentRedi for three months and have had the same experience described above. 

Just like buy and hold an SFR  is vastly different than syndicating a 200 unit apartment. 

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

The biggest thing with this is if something major happens are you legally covered if the unit is illegally rented. 

I have two duplex units and am subdividing into townhomes for higher market value.

I have missed out on rent from an empty unit. 

Since your an estimator are the materials and labor based on facts (i.e. hard costs a labor units) or a guess.Nothing personal but I wouldn't consider anything you wrote there, if I was buying I'd do my own estimate/SOW. 

Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.