We have had a Strctural Engineer out to the property and while we don't need to conduct repairs within the next 5 years or so, we will need to address both of these things at some point and it will likely cost us about 100k.Any advice on selling or holding for the long term?

Hello all,I recently filed for a new LLC in Michigan to hold investment properties under, and I'm currently in the process of looking for a bank to open a business checking account with.

My focus areas include multifamily properties, buy-and-hold strategies, and fix-and-flip projects in emerging markets.I'm seeking advice from experienced investors in this community regarding promising states and cities for multifamily investments, fix-and-flip opportunities, and buy-and-hold strategies.

Interested is strategies for selling long term rental of 8 years.

My realtor and her manager said “No, I am not aware of this being an acceptable means to unilaterally change the terms of the lease.

You need to have had me aware and agree to these terms and conditions.

Prepayment penalties- usually 1-5 year terms.

Let's dig into some of the other numbers as well to ensure you have an underwrite that is conservative so that you have "all your bases covered" in terms of risk. 

Here are a few options and considerations:Commercial Loan or Portfolio Lender: Some commercial lenders or portfolio lenders may be more flexible in financing properties under an LLC, especially if the property will be used for commercial purposes like short-term rentals (Airbnb).

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.