I put too much into renovations because of the classic found a bad contractor story, so had to get another contractor out, and after 9 months holding cost and about $60K in repairs, $3K in appliances, I got the place rented. ( I also refinanced and was able to get about 133K out, which I paid off my HELOC and credit cards I used to pay for all the renovations and PP). 

We've had our share of CAPEX expenses on a few of our buy and holds which definitely takes away from the Piggy Bank. 

In order to do a 1031 exchange you must have purchased the property with the intent of holding for productive use. 

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

I like to pay close attn to the rent to cost as a buy and hold guy.

Trying to understand if we should sell now while we can still avoid capital gains or should we hold property as the area continues to become more and more desirable. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

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

If things get out of sorts, the lease agreement is what holds true. 

I own a small portfolio of land paper that EJD Land holds but have access to millions to sell.