Additional info:primary 1031 exchange rules and requirements include: 1) same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property identification within 45 calendar days post closing of the first property, 3) purchase of the replacement property within 180 calendar days, 4) trading up: the price of the replacement property is equal to or greater than the old or relinquished property, 5) hold time supports the intent to hold for investment, and 6) related party transaction regulations. 

I am looking into buying my first buy and hold property.

Our goal is to acquire a mixture of properties single-family and multifamily to buy  and hold

In the next few years, I hope to be able to start investing in real estate (buy and hold, multis), and in the next couple of year I will probably be purchasing a new personal residence.

First of all,  Security deposits  as rent should ONLY occur on the last month, and never before then - - otherwise you have nothing to hold over for damages on move out.QB is poor when managing security deposits, and when I asked this on a QB forum, you should have seen the procedural mess that was suggested to make it all work. 

Carpet also holds odors which can be a real turn-off for prospective tenants as well.Figure out who your target tenant is and then install the flooring they want.

Left Hewlett-Packard over 10 years ago to do real estate full time in the Detroit market with a buy and hold strategy.  

Hey all,I've been reading up on buy-and-hold, first-time real estate investment for a few months now, and have made my way through a bunch of Bigger Pockets podcast episodes, so I felt like it was time to introduce myself on the forums, too.My name's Shane and I'm originally from the Northwest, have been here in Los Angeles for 3 years now, and I'm looking to buy my first property ever.

After speaking with a lender, it seems like it's harder to get funding for flipping than buy and hold.

What type of investing are you interested in; flip or buy and hold?