It’s easy.Extra thoughts:I did not include the cost to sell in this scenario because in this scenario we are imagining holding the property for longer than 5 years.Extra benefit towards house hacking:Down Payment assistance – If you make less than 150k you can qualify for down payment assistance.

My credit score and history is great so it’s only my income that’s holding me back, but I should be able mitigate that with a qualified co-signer if I can’t find better work. 

Let me know if you have any particular questions regarding the Milwaukee market and buy and hold.

Investment Info:Townhouse buy & hold investment.

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

While I am capable of holding onto a property like this, I fear for the newbies who have very real risks of not being able to hold onto the property long enough to get out from underwater.Because the buyer of this property is likely to be inexperienced and not know or think through all of the items discussed here, this strategy may put you in a ridiculous position of power for at least the next decade over the buyer. 

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

Any gain on property you hold for less then 12 months will be considered income. 

Buy and hold, Fix and flip?

Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it.