I believe it can and will hold some value for you still.

To meet this objective you have to consider your All-in Costs (Purchase price, Rehab Cost, Holding and Closing costs).   

I know that in MO, you've got to have a couple of years behind you as a "Salesperson" before you can get your Brokers license (and thus have your own PM company) - but as long as the partner who has their Broker's license is willing to hold your Salesperson's license... you can manage as a fully legal PM to your heart's content.

Did the structure they helped set up hold up and protect you in an actual legal situation?

I've done 5 buy-and-hold deals personally over a long period of time and I'm looking to ramp up my activity significantly.

How long should you hold on to a property before selling from a financial aspect?

Because I started my own business and had to show two years of positive income within the business my wife and I had to hold off on buying our first house.

I will then take out a construction loan to fix the house and then instead of selling, I will hold it and rent it.

I currently hold my real estate in an LLC which I am majority owner of with my dad. 

I'm planning on the buy and hold strategy while creating passive rental income.