Holding is currently challenging. 

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

Hey guys, I understand that a lot of time is spent talking about how to leverage your current real estate holdings to obtain new ones.  

Next, it holds the washer/dryer.

Based on the comments received thus far I think it's prob make the most sense to hold on to the note.

Quote from @David B Graham: Investment Info:Small multi-family (2-4 units) buy & hold investment.

The QI for the 1031 buys the land and holds it while you start construction on it. 

Step 2- close and start rehab-- would need to pay holding cost during rehab?

The contractors who do work for me have zero issues with me sourcing the material if disclosed up front and not holding them accountable for any material issues.  

Future Appreciation: Holding onto the property allows for potential appreciation over time, especially since it’s in a neighborhood with homes ranging from $500k to $1.5 million.Pros of Renting: Steady Cash Flow: Renting the property, especially with an ADU, could generate substantial monthly income, especially since there’s no mortgage.