@Yesenia Charles if you don't plan to hold the beacon hill property forever you should usually sell it before your section 121 deduction expires.

It was a credit union, so they hold their own portfolio of properties.

The medical center is a great place to buy and hold, most of the investors I do business with like to purchase townhomes near that area since they make great rentals. 

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

My strategy is to buy and hold.

If you find the profit spread is lean, you might want to hold off on building, particularly if you feel the land is located in an appreciating market.

Our Privateinvestors will fund the remaining 10% of the purchase price, the first portionof the rehab (to be drawn later from the HML), and the holding costs.

Under current rules (assuming you dad’s estate is not over something like $12m), if your dad holds the property to death and you inherit the property, there is a step up gain and no one pays taxes on those gains. 

If you're planning to hold for 10+ years, obviously that's less of a concern.  

I am looking to acquire single family and multi family proprieties creatively and looking for mainly long term buy n holds / rentals.