So there has been no vacancy in the three years we held it. 

I've heard story of people who held onto a buy and hold, complained about negative cashflow from raising cost and rent not adjusting to how they like it non-stop, but also doesn't want to sell because they like the appreciation (dead equity as some may call) and find it a hassle or just don't know what to do.

I am just wondering though as all this stuff becomes main stream it seems like the prices are going to drop like a rock.kind of like when my Dad bought a hand held calculator for 300 dollars that you can now buy for 99 cents LOL>

Hi Andrew:Your best bet is to have the title company run a preliminary title report to determine who the property owner is and how title is held.

The deposit belongs to the buyer and is held in trust by the broker until the deal closes.

I am still trying to Perfect the method.Since I have owned property, developed property, flipped and held property for long enough to tell a great story, I have friends who lend me money based on my experience.I say this more to contrast what I am doing with what your trying to do.For me, I borrow 100% of the purchase price from private money.

Both houses are currently held in traditional mortgages and have 3 units each.

If you've held a property for 5 years in Oklahoma, no capital gain tax is owed - seems pretty cool, right?

Doing your own taxes makes you understand your business and be able to double check your prepared return, as you are the one ultimately held responsible.

Hi Jeremy,For a good data point, during the 2009 crash which was pretty severe as crashes / downturns go, MF apartments nationwide held up very well.