As a percentage closing cost as percentage goes down as value increases but we will 15X to account for closing costsNo cash flow per OP.2% market appreciation equated to 30% + 15% = 45% 3% market appreciation equates to 45% + 15% = 60%4% market appreciation equates to 60% + 15% = 75%Recognize in virtually all markets the cash flow increases with hold length especially if a fixed rate loan. 

I have found that i can do much better in the long hold if I find a better market than where I live. 

More people are choosing to rent as home prices rise, which means investors holding rentals are in a good position to capitalize on steady demand.One of the biggest shifts we’re seeing is the increase in inventory.

Do I continue to hold it and hope the appreciation eventually makes for a more palatable return?

Investment Info:Single-family residence buy & hold investment.

I’m a prior realtor, with wholesaler experience and have done some buy and holds in residential properties.

If this is a long term hold you'll want to have finishes that match comps, but are also still very durable for tenants.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hello Dana, For that purchase price in Brooklyn, NY, you could be looking at considerable unknown expenses at this point.If the property is occupied, you'll have to factor in attorney fees and holding costs while you wait to gain access to the property.Furthermore, you could be facing additional costs related to title issues: open permits, violations, liens, judgements, etc.