Even at this point it probably would be too much of a headache to hold indefinitely but it would easily cash flow till I was sick of it and then could probably be flipped in the future for decent profit (high ROI even if actual profit wasn't huge).What is the process for getting properties approved for section 8 tenants?

Term may be great for pure protection while you're building your assets, but like some of the prior replies it will vary with your life goals, plans, and preferences.First of All if term was so great for "everyone," (blanket) you'll be hard pressed to renew that term policy past 65 when you'll probably need it most and then secondly as term gets past 40-50,50-60, and 60-65 its prohibitively expensive even on the just the pure insurance aspects of it.Then 65 till death you'll need a great game plan and have enough assets working you and your heirs because if they inherit the estate without adequate liquidity to pay the final expenses they would have to fire sale the assets/real estate in order to do so at a time when they probably wouldn't want to focus on those business particulars.Then on top of that if you own more than the current 5.25 mil in assets you may have an estate tax issue as well subject to the current 40% rate + state if applicable.If you would have fully funded your permanent policy adequately to the MEC (modified endowment contract) limits when insurance was cheaper such as at "birth," by the parents, by the time the kid is 8-12 they could have a policy that probably earns more than cost of the premium payment based off internal policy returns which would allow the policy to continue indefinitely assuming you have a professional review your policy annually and do analysis when you plan to take a withdrawal or a loan to make sure the policy is respected.

It looks like you can carry that tax credit forward indefinitely as well? 

With the $10k/mo indefinitely you've taken all risk other than inflation off the table.

Always have a back up exit strategies since holding indefinitely is rarely realistic..

We've heard all of these arguments before about why city X really is different, and can sustain home price increases far outpacing local incomes indefinitely, and if it can't, well it surely won't go down, it'll just "level out".

Has been since the 1950's and will remain so indefinitely.  

My first broker holds indefinitely and they’re paid off.

I asked the park owner if she lets people live there indefinitely when late on rent.

I actually want something that may remain indefinitely in my portfolio.