But yes long term I am interested in buy and hold single and multifamily. 

As for buy and hold, getting your foot in the door with a house hack is almost always what I recommend. 

Is it smarter to hold onto the house and keep renting it out, or sell now and roll the equity into the new home?

Investment Info:Townhouse buy & hold investment.

I have multiple lenders that can do 100% financing for your short-term rehab loans and long-term DSCR cash-out loan options to refinance and hold the property once it has been rehabbed.

With interest rates holding steady (so far) and US Treasury yields hovering in the 4-5% range, many investors are weighing the pros and cons of staying in bonds versus seeking opportunities in real estate.

hold for 5 years and sell or hold forever?

Also I feel buy and holds are harder to structure partnerships as its not that much money when split in between two people.

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.  

You are VERY easily able to open accounts remotely by just uploading your EIN doc and then once your biz account is open you can open additional accounts for things like holding your security deposits, reserves, etc.