One does have outside investors, but the assets they are buying to hold indefinitely are not brought to outside investors (they raise money to buy 5yr holds, sell those and typically reinvest the COMPANY profits into generational holds, while offering new 5yr hold windows to their outside investors).  

@Russell Sherman, In a 721 the tax is indefinitely deferred - until you sell the asset you exchanged into (the reit). 

The MIL will work fine if you plan to live in one of the units indefinitely, but may pose a problem if you move out and want to rent "both units" of the home.Most of the properties on the MLS with existing basement units are either MIL's or completely un-permitted (akanot legal) dwelling units. 

How do you know there is not a provision for the tenant to have some kind of agreement or life estate to live their for free indefinitely??

The appeal to me of section 8 is that you are guaranteed payments from PHA indefinitely and they are disincentivized to be a bad tenant (if they're evicted theyre kicked off the program permanently).

so for any investors out there that had bought in at the low, has anyone gotten out while it's still super hot or are rents covering to the point where it's just worthwhile to hold somewhat indefinitely?

Do you want the shed gone and removal paid by the neighbor or do you want it to stay and be able to continue using it indefinitely?  

Hi Derrich,Buddy 43615 is Holland and that is a HOT area to own in. Definitely

We can use the 30k indefinitely on future deals, and he wants 25% of the profits. 

Please correct me if I'm wrong, but are investors who intend to hold onto properties (vs flipping them) just refinancing, refinancing, refinancing indefinitely?