If the property is in a good rental market, with solid cash flow potential and the ability to build long-term equity, holding might make more sense.

Feel free to reach out!

I had been naive to believe him and thinking that all the delays might have been due to COVID.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

I have a lot to learn, looking forward to connecting with people!

The best way to estimate expenses is experience and knowledge of your specific asset type and market.For vacancy, that will depend on your market and the quality/desirability of your type of unit.

Shalom Welcome to Bigger Pockets and I wish you all the best in your investing journey!!

Or would you not try to do this deal at all and wait to build up the cash position to fund the down payment, which could take 2-3 years?

@Yixin Huang when it comes to accessing the property and maintenance, you want to DOCUMENT EVERYTHING!

Of course, some of the potential tenants want flexible terms at start to get themselves set up in the space.