I’ve built relationships with brokers who specialize in Harlem, and one of them brought this off-market deal to my attention.

Off-market deals are key if you go this route, so networking is huge.Out-of-state investing is another option people love, especially in markets like PA (Philly, Scranton) or even down south where prices are lower, and the landlord-tenant laws are more forgiving.

Someone advised me to start with an attorney so I suppose that is my jumping off point. 

We’re off market right now but will be going back on next month.

If paying off your mortgage early is a priority, recasting might not be the best option.Not Available for All Loans: As mentioned earlier, government-backed loans are generally ineligible for recasting, and not all lenders offer this option.Who Should Consider Mortgage Recasting?

This would help you get going.You might be able to make these a  little nicer and force appreciation and a little higher rent.Either way rents will go up over time and the mortgage with remain constant.Maybe even make one unit a STR which could see higher income.I'd be ok with break even or a little bit negative on a Quad given you have 4 properties in one.If you're only breaking even you still have depreciation and other tax write off to help you out.I usually make people 3 offers.

For example, if the land was inherited with a value of $1,000,000 in 2017 and you split off 12 lots that sold for $200k each.

Hello all, I have a SDIRA with some cash, 2 paid off properties and a stock portfolio in the SDIRAs name. 

I don’t know how skilled etc. he is so I am answering off of first glance. 

I paid off the loan as the solution.