I'll start from the beginning:My brother and I are co-founders of an LLC (2 member), recently established with the intent to purchase buy and hold rental properties of all types, primarily single family and small multi-family homes as these are far more abundant in central Nebraska.

Currently the rent barely breaks even but the price has appreciated quite a bit.Should I have the condo sold today, I would have about $260k on hand ($180k down pay + $80k profit after exp.)After listening to some podcasts and doing research, I decide my main goal is to buy and hold for the passive cash flow.

Coupled with 12-15k in savings I could acquire again within 3-4 mos.Are these my main options, what am I missing?

Additionally the root systems of these large trees can damage the main water lines to the street, pop up sidewalks near the building, and crack the foundation of the building itself.A regular inspector is not going to do the plumbing.

You'll definitely want to call and talk to someone from planning about your intentions before you buy!

Trust me, I know it's very possible and I know that's the main battle in this game.

My main concern is when title transfers there is a chance the bank will call the old loan due.

We've gotten excellent deals from sellers when our integrity and intentions are made clear.

I don't want to occupy mainly because I am content where I am living currently and don't want to move out of New York City. 

There is also some commercial properties (buildings and lots) going up for sale along the main strip since the new BB&T/Truist building is going up where the old bowling alley used to be.