Not sure whether there is currently a lien/balance on the condo, so I'm just spitballing - this may or may not work for you. 

Financial Goals: If keeping the farm in the family holds significant emotional value, this can justify the purchase despite the initial lack of cash flow.Investment Strategy:If immediate cash flow and rapid portfolio growth are your primary goals, BRRRR properties may be the better option.If you can leverage the farm’s equity effectively, it could still serve your investment goals while preserving the family legacy.Ultimately, the decision hinges on balancing emotional value and financial strategy.

Let's say my 1st mortgage balance is $600k and I want to take out a 2nd mortgage for $150k for home improvements which makes the interest on the 2nd deductible as well.

Perhaps this is an extreme case to use as an example but I am using this to illustrate a point which is this neighborhood like many others in the country would be well served by finding the correct balance between zoning laws and ease of doing business.

I've had to work to get my husband on board with real estate investing too, so I can relate to how frustrating it is to have a vision that your spouse can't quite see - we're now working to close deals 7 and 8 and have found a good balance.

So a week ago or so they gave me a website to check my balance, status, etc.

I would like to have a good balance of positive cash flow as well as appreciation.

The mortgage balance @ 7 yrs=$2,392,000.

If you're wanting to create a fund that brings in private investor capital to use to create and hold mortgages, meaning holding them as assets on your balance sheet, that's a different beast. 

Loan to _______________________________________ Balance $____________________________ Interest rate: _________ %, Monthly Payment $___________________ Loan Number _____________ Date last payment made____________________________ Loan current through _________________B.