For example, do landlords in that neighborhood charge for coin operated laundry, or do they hold pet deposits?

House is amazing and I want to hold long term but hemerging a bunch of cash right now.

Do you perform regular preventative maintenance to avoid emergencies or are you more reactive?

If the tenant's credit is terrible, you won't have the leverage to hold them accountable.

After joining BiggerPockets Pro and making use of all the tools available, I've decided that Buy and Hold will be my main strategy, specifically with small multi-family homes to start.  

Those of us that stick to proven methods of buy-and-hold will look like geniuses after 20+ years.

I will have enough reserves to cover the holding costs as well as some left over as emergency funds for the property.

As you mentioned its a tiny bit more complicated, and there is a question of change of ownership if your currently holding the property in your name.

Is it Buy and Hold or Flipping or Short Term Rentals?

I’ve received a number of responses from investors essentially stating that they use a simple buy/rent/hold approach in small residential properties, and have accumulated net worths in the 1 - 3 million $ range starting with just one mortgaged SFR.