The property is only worth what it is worth - what the seller needs to make is irrelevant.

I would like to be in the partnership for the least amount of time possible but want to be sure I can present this offer as worth his time, which is very valuable. 

If approved, you’d already be in a position to add units, whereas others might still be navigating the zoning process.That said, rezoning takes time and isn’t guaranteed, so it’s worth weighing the cost, process, and likelihood of approval.

I will definitely check out the CREIA!

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

@Amir PortalStarting the BRRRR strategy in the Dallas-Fort Worth (DFW) area is a smart way to build your real estate portfolio, especially with the area's growth and rental demand.

My home is worth around 215k and I owe 127k.  

Maybe it isn't worth it, but you should consider the numbers and decide...that could push you towards purchasing another rental. - You mentioned paying down/off a rental and needing to consider the tax implication.

You have to be willing to not give up when things get difficult, or don't go as planned.  2.This journey is worth it.

Is it worth it to go through the proper process with the city and run the risk of a huge expense to make this a 3rd unit?