At that time, he would pay whatever the remaining balance was on the mortgage and would waive his right to inspection. 

Typically in those types of arrangements when money is coming in the door it goes to the money partner first to lower their balance as you are splitting profits not income. 

The best investment I ever made was a long-listed property... put just enough down to get the agent paid and the owner financed the balance for 30 years.

Glad to hear you've got a balanced situation.

I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.

I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.

So say if you could muster up $20K to invest, you could purchase a SF rental with a purchase price of $33K, finance the balance over 6 years.

Staying with quest trust for now and looking at maybe IRA financial or uDirect in the future.Trying to balance keeping the cost low, having that checkbook control, and still having a team to help educate me.I am not turning enough over at this moment to warrant a change...and I am still figuring out how to partner with my LLC if at possible.

They make sense and bring balance back to this situation. 

Scenario 1 = It looks like you have $950,000 cash to pay off the mortgage balance off.You are getting $70,000 additional cash-flow$70,000 / $950,000 = 7.3% which is not bad considering this is just cash-flow and you likely get an additional 4% appreciation bringing your total return to around 11%The thing to consider is that you would then lose the mortgage interest deduction.Without that deduction, it may put you into taxable income territory.You may want to consider seller financing some of the properties and see if you can get 8% to 10% interest.it would guarantee you a return and still get you nice interest over a period of time.As I get older, I want my investments to be more 'simpler'