Do your loan documents have an indemnification/hold harmless clause or personal guarantee in favor of the lender?

Then I'll pick a location with favorable stats; population growth, low unemployment, etc. 

I secured financing for my first property through a conventional 30-year fixed-rate loan, securing a favorable interest rate for stable and predictable long-term payments.

Initially it seemed like the relationship was skewed in my favor - why would my partner want to put money in to only get 50% of a deal when he could just buy the property himself and rent it keeping 100% of cash flow and equity.

They can guide you on how to improve your debt-to-income ratio and potentially qualify for favorable financing.Schedule a meeting with a mortgage professional who can review your financial details and provide personalized advice.

We can rephrase this question: How do I turn my 70000 into approximately 2 million so I can retire.The answer is leverage, forced appreciation (value add work), time, operational excellence and risk management.There are several strategies, but the two most recommended are BRRR and househacking.Househacking is nice because you get favorable loan terms and higher leverage than investment loans.

After learning more it might be favorable for me to sell my unit since it is my primary residence and I have lived longer than two years. 

Laws that favor renters may have an effect on property management and eviction procedures.NYC cosmetic repairs can be expensive since labor and materials are more expensive there.

You are doing him a favor by being the bank.I don't know how to do the math out exactly.

It's important to carefully consider any decisions to expand your portfolio, especially when it involves taking on significant debt.In this case, it seems like the numbers may not necessarily work in your favor right now.