(yes some of this is oversimplified, hold the comments keyboard warriors).

As a realtor and investor the buy and hold situation can be profitable.

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

I gravitate towards "red states" given the landlord-friendly laws and relative ease of evictions, which unfortunately are unavoidable in the buy and hold game.

The larger the purchase price the greater the spread you need between purchase price plus holding costs plus rehab cost and ARV.  40k projected profit on a 600k project is too skinny for me. 

Sellers who were holding out are starting to adjust, especially for cash or creative terms. 

I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.

Do you think he is going to hold over or squat?

The AC is old, but I’m planning on holding off on replacing it.

Just because there’s not a move-in inspection doesn’t mean you can’t hold the tenant accountable.