Goal is long term rental buy and hold.

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

I have been a buy and hold investor on the north side since 2011 and worked with over 200+ house hackers

I'm considering making an offer on a property that is listed as a 2 bedroom 1.5 bath as a long term buy and hold property to add to my portfolio. 

Investment Info:Townhouse buy & hold investment in Jacksonville.

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

If I were buying now, would purchasing a $800,000 to $1 million SFH and try to do a long term rental make sense for me?

I stuck to it and it has treated me well over the years.I did not start investing ( other than buying a home to live in) till many years later..

That means that you can buy a property with up to four units, since this is still considered residential.

Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?