I would hold at least one year and rent out as short term rental,might ending up keeping for 2 years

If you planned on moving out of a house and buy another property, as an example, you could pull a HELOC before you moved out and keep it as an emergency fund.  

Always keep record of where you told your insurance company that the property was being used for STR.

Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

In that case, I wouldn't say the PM necessarily made a "mistake" by keeping the power on.

Why it works: Automation keeps your prospects engaged while you focus on closing deals.* Leverage Social Proof in Your MessagingWholesaling is all about trust.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

You can give me their numbers and I will call them and keep you updated on our progress.

If you paid over $375k MAYBE you could keep it because the taxes saved are so low.