If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?

And the split is whatever you decide on. 50/50 is what a lot of people usually do.

Without going into too many details about the property, I'm interested in connecting with people who deal with off market listings and investors in this geographic area. 

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

While I help people find their dream homes daily, my true passion lies in real estate investing and building long-term wealth.

You can get eaten alive in the Baltimore market by people selling you Class D properties "dressed up" as Class B.

As my wife is a realtor, we’ve helped several people from Bigger Pockets find their second home/STR.

.🌟 Pro Tip: Next time someone questions your real estate investments, ask them if they'd turn down an opportunity to buy shares in a company that:Pays monthly dividendsLets other people pay off their investmentOffers significant tax advantagesCan be improved to increase returnsCan be bought with 80% financingBecause that's exactly what you're doing with real estate!

People investing in Phoenix are seeking appreciation.

Buy and Hold investing is a great avenue to begin with as most people live their lives off of residual income.