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.  

If you can, do most banks allow you to refinance straight away or is there typically a holding period?