When thinking about selling or holding a property, ask yourself a few things: How much do you need to invest?

That being said, I'm not a fan of holding property in anything sub B quality. 

Using LVP was a smart choice—it holds up well when wet and is cost-effective to replace.

Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.Overall, as long as you intend to hold the investment property for greater than a year, the benefits of a cost segregation study should be considered.

The plan is to buy and hold. 

@Jacob HripWhen paying with cash, you have fewer closing costs (no lender fees) and fewer holding costs (no interest payments).

If your cash flow is break even and you don't expect a groundswell of appreciation, why hold it? 

If you need that equity that soon you may just consider holding out to sell the house outright5.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

But if you're holding long term with no plans to sell in near future - better to get them leased up!