if the new tenant negotiates some free rent or free months to build out the space in my mind you shouldn't need to float that holding cost while that buildout happens.  2) you can do what most other LL's do in the commercial world and negotiate a Buyout. 

The first thing you need to do is sit down with your accountant to discuss the proper entity for holding properties.

I understand the fundamentals of buy and hold investing, but what I would really love to learn more about is the BRRRR strategy and the renovation process. 

Investment Info:Single-family residence buy & hold investment.

(Looking for long term buy and hold)

I am very busy and thought it may be good to have some extra support to manage it. 

Investment Info:Mobile home buy & hold investment.

If you can wait out short term minimal cash flow and hold, you'll be very happy.

My family have no interest in selling the property, but rather holding the property long term. 

The goal is to buy land while cheap(er) and sit on it for a year or two while I raise capital to build and hold a fourplex.I don’t have an established relationship with any lender there and am shopping around.