Hold on to the cards forever (closing accounts or opening new cards can impact your score).

My wife had to hand hold the majority of the interactions with the tenants and attorneys which was unacceptable.

Did they hold them up at gun point?

I currently live in Toledo, where I’m working on a live-in flip with my duplex.Here’s what I bring to the table:Hands-on experience with construction and property maintenance.Knowledge and skills for value-add projects, especially on smaller properties.A passion for learning and growing my portfolio using strategies like buy-and-hold and BRRRR.I’m looking to connect with:Local investors in the Toledo area who can share insights or collaborate.Contractors, property managers, and other real estate professionals.Anyone interested in sharing ideas, advice, or potential partnerships.If you’re in or near Toledo and would like to connect, feel free to reach out!

If you want to buy and hold, you will need at least $35K-$40K for the down payment.

I’ve seen folks panic and act like they’re about to be stuck holding a ticking time bomb, but if you structure the contract properly, give yourself a decent inspection or feasibility period, and understand local investor demand, you’ll rarely end up empty-handed.

Initially we thought we would flip, but now we're thinking of holding and using the equity for future investments.

In your second scenario you would eliminate all capital gain and depreciation recapture with the step up in basis.there is no statutory holding period that qualifies you to convert the properties. 

holding ?

Circumstances like not holding annual meetings for corporations, not having corporate resolutions , commingling funds, taking money out of the corporation personally without that withdrawal being either a salary or dividend, etc.