A lot of the buy-and-hold investors I worked with in the past in Killeen did fantastic.

I think a lot of investors you may be competing with are going to break even or even have negative cash flow initially on their buy and hold investments.

As Erik mentioned, normally banks that hold their own notes are the only that can push a good ARM product.

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

You can still terminate their lease for repeated violations.I would do whatever you can to get rid of this tenant as quickly as possible.

On the corporate side I have seen both SPE ("Special Purpose Entity") LLCs and Trusts used for holding assets, largely depending on what the buyer is looking to achieve.

Be sure to create a clear scope of work with your contractor and agree on strict timelines to you don't pay more in holding costs. 

.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

The only thing holding us back is again the appraisal so we're calling a new one since we had an appraisal done 5 months ago that came in at $430k and this new one is at $373k (there was a sqft discrepancy between the way each one was calculated).

My ultimate goal is to buy and hold multi-family apartment complexes.