If you can come out ahead off the initial deal, that can also give you a bit of an equity "cushion" to be in a good place for the indefinite future.Like I said, this is theoretical, and I'm a novice, so I would love to hear some opinions on this plan - -Trevor

You don't want to get 2 years into this and figure out that one of you wants to sell and the others want to hold the property indefinitely.

That would defer all tax indefinitely.

That would leave me $2560/month to live on, which is enough for my modest lifestyle indefinitely. 40+ years I hope.At this point, I could consider myself "retired", in the sense that my only job would be managing the managers of my proprieties.So, am I dreaming?

You can use it to evaluate the entire transaction, from buy to sell, and you can vary the holding period to compare return (hold for 5 years vs 20, for example).Many people assume buy-and-hold means a long period of time, but you don't have to hold indefinitely to maximize your return.The limitation of cap rate or COCR is that it looks at a one year period.

haha.Now, I still need a temp fix for this leak.I used a sandpaper to sand down that spot and had a better picture taken by a camera.Zooming in...]\Definitely

The lawyer had previously asked me to allow the tenants to live there indefinitely rent free, as they were waiting for some big workplace compensation payout.If anyone has any thoughts, advice or experience on this, it would be greatly appreciated.

I'm planning on holding it indefinitely so those FHA mortgage insurance payments will add up.

Just because a tenant qualifies, doesn't mean you are obligated to hold the unit for them indefinitely until they are good and ready.

If you have enough cash flow, that can be indefinite.