I told them they could stay there at no charge till the bank evicted them and made them sign a hold harmless.

If a problem arises with the property, the City will attempt to contact the owner and hold them accountable.

I am in the middle of finishing 2 flips there and have 2 long term Holds there as well. 

Exit Strategy:Every deal should have an exit strategy, whether that’s selling the property for a profit after appreciating in value, refinancing, or holding onto the property for long-term rental income.Connecting with Experienced Investors:It’s awesome that you’re looking to connect with others on this journey!

How much should you hold in reserve?

Sometimes making a smaller profit and providing value is far better than holding out for a bigger payday on a bad deal, I like that.

When thinking about selling or holding a property, ask yourself a few things: How much do you need to invest?

I don't know how that business could survive long-term with such low rates.If those numbers are accurate and you can net $38,000 a year, then it's worth holding onto.

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.

Quote from @Lorraine Hadden: I have client who are try to wait for interest rates to come down rather than buying what they can afford for the best rate and hold.