This specific deal was a close friend's apartment that he was renting.

@Joshua Patterson nice intro, but what specifically do you need our assistance with?

Specifically I think a lot about the smells that travel through the duct work between the units.

•Are there any specific neighborhoods or zip codes to target or avoid?

For rental comps, tools like Rentometer, Zillow, and Apartments.com are great for comparing similar properties.Feel free to share a specific property or area, and I’d be happy to help guide you through running rental comps.

NYC apartments will have a different car requirement from Orlando, but he used that methodology in this specific small city and was an investor from the 1980s-2000s, so a lot has changed, but I believe there is still some truth to it.

Feel free to call if you have a more specific question.

I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc. 

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

Let me know if you’d like specific product suggestions—I’d be happy to help!