My plan honestly for this property/Land was to purchase and hold for about a year or less, and as it appreciates, put it back on the market for $300K plus.

They don't hold up too well to hurricanes either, and if you're near the water in Ft.

Because title has transferred foreclosure is the remedy for default.Contract for Deed or Land Contract where the seller continues to hold title but finances the sale until the entire amount is paid off much like a car loan.  

The rental has a mortgage and while I did find an article that spoke of not violating this clause since the property is not changing ownership, I'd like to find out some more about it before taking steps.This is the web site where I first found statements eluding to the implications of the due of sale (still researching):http://www.creonline.com/beat-the-due-on-sale-clau...This is about 3/4 of the way down the page under Enter the land trust "The trustee holds title for the benefit of the grantor.

I'm also interested in REOs and distressed properties but I mainly like to hold the properties as rentals.

I probably will hold the properties 2-5 more years - maybe longer.  

Later on I intend to move into different markets as I naturally move around.I'm primarily interested in doing multifamily buy-and-holds, and I'd like to complete 2 deals by the end of this year, with a target of 6-8 doors.

Looking to possibly flip or buy and hold.

So far I'm thinking buy and hold for a relatively passive income stream, but the more I've been reading, the more interesting opportunities I've been learning about!

Long term looking to rehab and hold.