So if you don't need the money now, and you make a solid income and can withstand the occasional hiccup out of pocket then holding isn't a bad option.All depends on your goals and personal situation.

That said, I've had hiccups and major major expenses in the 10s of thousands. and it's practically impossible to find a decent reliable contractor. although so eager to get into another deal and expand, after 4 years of experience with (great) tenants, unexpected issues & costs, while not ramping up as fast as I want, it's been fantastic learning and key is hands on experience with management and on exactly what goes wrong and what you have to deal with and hands on management

The partners are based on the west coast but will be investing alongside us in our 'farm' on the East Coast.  

If you can provide deals you will be able to draw in a capital partner to work with.You provide the deal to a more experienced investor, share in the profits, and work along side the rehabber and learn the business.  

I have created, but still need to hone, my business plan.I am on a positive path towards a first deal after finding a contractor for my team, one who is interested in the flip model as a way to build his business along side my investment company.

Depending on your goals and investment strategy, you may be better served investing alongside other investors in a fund that takes down a long term buy and hold through a sponsor.

There have been a few hiccups during her tenancy, but nothing major.

I would suggest obtaining a good map of Philadelphia neighborhoods and having it handy when you out scouting neighborhoods.Yes, still imo, the better part(most profitable) of Overbrook is alongside of Wynnefield.

Although I think it's great to always account for property management just in case, if it's your only investment property, you should be able to get enough advice on here in case you were to have any hiccups.

So in my mind you've got to evaluate these kinds of investments along side other opportunities to invest in companies, either as angel, start up, early investor, or limited partner.