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

I am a buy and hold investor looking to buy a small single family home that at most needs major cosmetic work done. 

Our plan is to hold the house 5 years + until the market comes back, or possibly just holding it long term. 

@Mohit Arora to gain some piece of mind in this same situation, I drafted a "Holding Deposit Agreement" document that is entered between the potential tenant and I.The purpose is to use the deposit to hold the rental until the lease signing and transition this Holding Deposit to a Security Deposit once the lease is signed and all other move-in funds are collected.You can message me privately and I can send you the doc I drafted.

While I'm excited about the potential, I'm also unfamiliar with the specific dynamics of the Orlando market.I'm particularly interested in finding a small multi-family property (duplex, triplex, or fourplex) that would be a good long-term hold.

Buy and hold?

Your concern is a good one, buying in this market at high rates = high payments and you may not cashflow if you were to repeat the process.However, 2 considerations. (1) By not doing it you don't have 800-1000 in your pocket, so although the payment on the new place might be higher than in a normal market you've got extra funds to cover it.(2) Your new rate is not forever, perhaps in this high rate market, it's as you say, best case you're breaking even if you repeat this process.

We'll see what the future holds.   

Q2: Is this property a good investment and worth to hold?

Investment Info:Other buy & hold investment.