Now you're holding on to a piece of property that is losing $200/mo. 

Hello, I am starting to look for a multi unit buy and hold property in or near Lake county Illinois in the range of 80 to 150,000$.

If my strategy is to buy a fourplex with the buy and hold approach, choosing a customer demographic that aligns with my strategy is the next step.

Hi John,The property is a SFH already so there shouldn't be anything from holding you back once vacant to rent the entire house and not be subject to rent control any longer.

I have found crowdfunding to be a far more effective (and passive) alternative to direct RE investing for me in the US, and am migrating my US holdings in that direction. 

Account Closed  To make sure I understand correctly, you are looking for an attorney that can draw up an fille the propert paperwork to foreclose on a property where you (or your business) hold the note?  

I am an Eagle Scout, I have an architectural engineering degree, and great with numbers and have completed a renovation in the past on a property I am holding as an income property in Rhode Island.

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Hello everyone,I'm buying a buy and hold in Staten Island, NY.

If done responsibly (budget realistically and hold reserves), I see no reason why you can't double your portfolio.Best of luck.