It's more like BRR(hold)RR now.Yes!! 

Quote from @Hector Romero: Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC but we're unsure how that may affect financing them).

@Jake Baker  You should think about a rehab loan if you are going to buy and hold.

So let me see if I can contribute anything that might help you....First, I would ask yourself if you want to hold a rental property in Seattle...? 

In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.

I hold a w-2 job currently and considering transitioning to holding some properties.

If I'm not mistaken, you'll need to setup your RRSP with Trust holding company such as Olympia Trust or Canadian Western Trust, etc. 

Our analysis is ARV - Rehab estimate - Finance Costs - Holding Costs = Profit.  

So I would continue to hold the property - but I would be sure not to miss the ability to exempt the gain - so be sure to sell within 5 years.  

However, when I requested the return of my funds on June 26, 2023, that information did not hold true.