2.) looking for advice on how to deploy 600+ thousand dollars into real estate and start receiving the cash flow from it without having to pull the 401(k) out and swallow the tax ramifications.I currently own 13 units and receive healthy cash flow from all of them, but I am looking to increase my cash flow so I can ease into the next phase of my life which includes work of a different kind but not doesn’t having a 9 to 5 job.Thanks in advance!

Also another thing to consider are most municipalities will significantly increase your taxes if you pop the top of the house.

His lease says they have use of the entire property for $X, if he wants to increase the rent that is separate from changing what they have access to.

This is assuming:appreciation: 3%/yearincome increase: 2%/yearexpense increase 2%/yearWhat are some considerations?

Once you leave the standard terms, everything becomes negotiable and depends on the lender’s appetite and flexibility.  

What are some standard process or contracts needed before the partnership to make sure both parties are protected?

For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.

I haven't found a good deal on the KitchenAid unit that is the standard but at $90, this might be worth a shot.

This has become increasingly problematic  with rising material costs and more burdensome building codes now present in most municipalities. 

These allow you to:1.Force Appreciation: Actively increase the property’s value through strategic renovations.2.Leverage Equity: Either refinance or flip the property to build more liquidity for your next deal.If you’re interested in chatting more about strategy or need guidance, feel free to shoot me a DM.