Also, for the experienced BRRRR folks out there, are you holding true to the 50% Rule on Cash Flow on each project? 

Investment Info:Single-family residence buy & hold investment.

Hoping to hear good/bad experiences of buying, holding, *and successfully selling* rental investment properties with Invest 5S (https://investwith.invest5s.com/).  

Investment Info:Single-family residence buy & hold investment.

In your experience do those rental comps hold true if you go North of Addison (specifically Irving & Kedzie area).

If your goal is to buy and hold for a long time, you need to consider factors other than just cash flow, like appreciation. 

You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.

Reason is if you hold for 3 to 5 years before selling you still have 10 to 12 year primary ease for your buyer on exit to get best rates and term.

It would hold up to water or condensation from cups.

Holding is doable but it depends on your financial position, with a refi you'll have costs to do that and your numbers would be different.