That will allow you to build up a network of contractors and suppliers that will enable to to address problems faster and more cost effectively.I would also recommend buying a home warranty program if you are planning to hold the property and make upgrades over time. 

An acquaintance and I have been in discussion for awhile now about partnering on some future buy & hold deals.  

Then I use an LLC for holding properties.  

Flipping correctly is the only way to make real money, you could lose all or your cash flow on a rental if you hold it too long and have to sell at a loss.  

A small benefit is separate bank accounts for property... although some people consider that a hassle, and therefore a disadvantage.You may also want to consider a parent LLC (holding company) that owns the child LLCs.

There are a few things you can do and know on the front end to help prepare. 1)Know how to read your loan documents. 2)Know the differences between Cash Trap, Cash Management, and Cash Sweep. 3)Know what a Trigger Event is, and if you have one written into your loan agreement. 4)Know how to efficiently request reserve disbursements.5)Make sure your lender is never holding more than they need to in escrow. 6)Have a system set up to monitor your lender and their obligations, in addition to your own.7)Know how to recognize and monitor risks based on how your loan agreement was written.8)Know when you need to hire an attorney, and when you don’t. 9)Know the difference between Property Management and Asset Management.Already experiencing some of these issues on a Loan?

You will quickly discover how to earn passive profits from just one buy and hold property.Check out the menu at the top of this page; look at the options under "Education".Wishing you the very best!

Or can you be accused of holding back on the Marketing?

Once I muster up the courage for myself to take the reigns, I think the approach I will be taking will be a buy and hold approach.  

How can I find which bank holds the mortgage?