It ultimately boils down to what you can tolerate in the short and long term if you choose to hold onto the property.However, if you do end up selling the property, a 1031 exchange will allow you to defer all of the tax from any gain and the recapture of depreciation on the property. 6 years of depreciation will not be huge.

I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.

Investment Info:Townhouse buy & hold investment in Philadelphia.

It more likely may be found with a local investor/teacher doing “hands on” mentoring himself and not through an organization run like a production line. 

I don’t see the value with time and effort owning this place but as a new investor, I can’t help but to consider if I hold on to it- if it will then become net positive.I refi in Oct 2024.

To answer your questions:-We’ve seen success with a wide variety of strategies; we have clients with buy-and-holds, house hacks, BRRRRs, and flips.

Quote from @Mindy Nicol: Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

Essentially, we would like her to be able to be hands off and I’ll take care of it all. 

We have a couple of houses that we would like to hold on to for now and possibly sell in a couple of years.

Type of a short letter, deliver it by hand, and move forward.