Buy and hold is a good strategy.Theft has been an issue during the rehab stages until someone moves in.

I can’t say I fully understand the issues of basis but it is clear that it would be better in multiple ways if the property were held by an llc. 

Investment Info:Small multi-family (2-4 units) private money loan investment.

All said and done it cost me an additional $2300 in fees for the HML that went past its maturity date plus the appraisal, all this could have been avoided if they told me they had an issue with my credit score from the beginning. 

I spend the money to buy in high quality neighborhoods with high demand for rentals ... as such I have never once had a good tenant leave because I have raised rent, and if that ever were to happen I would have absolutely no issue replacing them with another good tenant in short order.

It counts the same, legally, as if you built a fort on the land and put armed guards in the fort to keep intruders off.Possession and ejectment issues are beyond my ability to explain in just this post, because it takes too long. 

Petersburg FL) with the "low income" I'm making (around $4,200 per month) at my job, it's proving difficult to find a multi family property that I can afford with month to month tenants or with 1 vacant unit.

However, there is a new law recently passed by legislature pending approval by the Governor (general sentiment is that the law will likely pass) which would restrict landlord's ability to issue a notice to vacate to a few specific reasons.

This is only one of the issues in Minnesota.  

Investment Info:Large multi-family (5+ units) commercial investment investment.