Hold onto that bad boy for 5+ years and you will be seriously thanking yourself down the road. 

I’ve often found that a property’s best path forward isn’t always the most obvious.. sometimes letting go unlocks capital for the next wave of growth, sometimes holding tight after refinancing keeps that reliable monthly boost (from what I’ve heard).I had a friend who snagged a multi-family in a similar price range about a decade ago.. at the time, it felt like a giant step.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

TurnKey, Buy-and-holds, flips, or maybe long-term rentals?

Quote from @Joy Daniels: I manage short-term rentals in the Sarasota area, and I'm always looking for innovative ways to boost occupancy rates year-round.From your experience, what marketing strategies have had the biggest impact on keeping your properties booked?

We have sold (tax free), kept as long term and/or short term rentals as well.

My long-term goal is to build a portfolio of multifamily rentals while also working as an agent helping investors scale their portfolios.Your experience sounds incredible!

How much will be the interest rate, and terms of the loan. 

RE is supposed to be a long term investment and an asset you hold on for a long time and take care of4.

If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?