Depending on where your property is located the buyer can ask for an extension of repair after the close of escrow and a deposit held for it. 

Check out these stats from NMHC that indicate about 34% of 5-49 unit properties are held directly.Many investors are scared into structuring their direct investments into LLCs to limit liability.

In addition if the investment is held for 7 years, the taxes on those gains are reduced by 15%, and the best part is that if the investment is held for 10 years then there are no capital gains on the appreciation of that investment. 

Meaning, everyone who bough in Las Vegas 2012-2016, and held for at least one year, made money.

held it while it appreciated What was the outcome?

We held it with a tenant in place for 6 months.

He held it with the same tenant for 2 years with positive cashflow then sold it to another investor of ours. then that investor held it for 3 months, we put a new tenant in it at $700 mo and then we sold it for again.

@Sean Autry I've installed LVP and the floors have held up really well.

He held it with the same tenant for 2 years with positive cashflow then sold it to another investor of ours. then that investor held it for 3 months, we put a new tenant in it at $700 mo and then we sold it for again.

He held it with the same tenant for 2 years with positive cashflow then sold it to another investor of ours. then that investor held it for 3 months, we put a new tenant in it at $700 mo and then we sold it for again.