I have held out on purchasing my own home since I’ve gotten into real estate. 

I have held out on purchasing my own home since I've gotten into real estate.

I would not want to be held responsible or worst, liable, for the actions or performance of the contractor.

Security deposits here must be held in an escrow account.

@Nick Brubaker, there are lines of credit for investment properties held within LLCs.

Unless of course, they've made major improvements in the 5 1/2 weeks that they've held it.Without it being listed, I can't comment on condition, as I don't have photos.It was built in 1912.

I held out and the deal came after 6 - 12 months of looking.Thanks!

It depends on how title is held, how long he held title, and if the seller lived in the property for 2 of the last 5 years. 

It's actually a gold mine because you have much more control over your buildings and the residents in it and the Vacancy Rates are held incredibly low because rent-regulated apts are basically removed from the available housing stock, lowering the supply of apts, as well as other factors including AirBnB.I have also seen abuse go both ways where Landlords purposely harass tenants.

We bought it with an FHA loan, lived in it, and then held it after we moved out.