Based on my on going research Lucas seems to be right, unfortunately.

If you plan on going the traditional mortgage route, maybe reconsider your departure.

this is still ongoing but I didn't forget and will keep the thread updated .

I have been reading some books, working on going to a few meet ups, and signing up for free events.

You have not included any ongoing expenses associated with a rental business/property which is how you arrived at 600 positive instead of 600 negative cash flow. 

You would have ongoing filing requirements with the State and would need to keep business records and documentation. 

Property management is also an ongoing issue, as is finding high quality contractors.

If you had a million dollars, how would you invest in real estate for ongoing cashflow, diversified portfolio, low-risk, longterm play with minimal hassle?  

So seeing if on (going to work) side or (going home) is critical.Another factor is if there is a concrete median in the middle of the road.

The terms we have agreed to are thisPrivate Money Partner bring the 20-25% down payment, does NO active management other than voting to approve the purchase, and occasionally voting on major items such as time to make large cap-ex purchases, time to sell etc....We do ALL of the work of finding, funding, rehabbing if needed, placing tenants, all ongoing PM and business management.