I plan to keep the properties indefinitely.

We will be buying low, holding and riding the market back up as prices recover, while watching our monthly cashflow increase as prices increase, as well as the value of our assets appreciate, potentially allowing us to exit for a gain in the future.Yes, things will be choppy for the foreseeable future, perhaps indefinitely but we do not invest with leverage so we can just buy and hold until it makes sense to produce and/or exit.Best,jc 

Of course the water, gas, and electric will all have to be shut off indefinitely until the remodel is complete.I remember one time when I was a kid, my father became angry with me because I locked my bedroom door.

Cons are what I just mentioned about having to live there indefinitely, and also that I would be getting it at market price (unlike the distressed single family deal I found off market) unless I find an off market multifamily deal.

Then you have to buy something of equal or greater value.You could do the 1031, buy the new property/s and then still do a cash out refi if you wanted to.The 1031 will allow you to postpone capital gains taxes, maybe indefinitely if you keep doing this or hold the property you buy and pass it on to your heirs.

I have an indefinite time horizon.

Construction will be on hold indefinitely while we work all this out.

For me I am holding indefinitely.

I worked in banking from 2006-07 and quit when they announced indefinite promotion freezes thanks to the economy.

It could turn out that we're all wrong, but considering that markets generally cycle up and down, we will certainly not ever see indefinite growth.