How do these deals typically perform in terms of cash flow and equity growth? 

in 3 years you can pay off any mortgage 500,000 or less for $1,500 bucks.. or in 5 years a $477,000 mortgage for $100..I am implementing something new for the real estate industry, primarily to mortgage holders & the rent to own industry, as a shorter-term approach to be mortgage free, without cost being an obstacle ..

Congrats on starting your short term rental journey! 

Principal Paydown- If your loan term is say 20 years. 

I have a potential partner who is a long-time friend.

This is a marathon and not a sprint, so look at it like that so that you can have a long and fruitful career.  

I’d love to hear your thoughts on strategies to achieve breakeven or positive cash flow in the long term.

Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

I probably wouldnt trust it 100% with that though unless I input all of the data that I have from my analysis in terms of ARV, rental rates, rehab rates, etc. now that I type it out, that actually would be a good idea aha. 

My advice would be go for the most they will loan you as long as you're in an appreciating market and you can find a value-add.