We are wanting to add to our real estate investments, but are having a difficult time deciding which market to consentrate on. 

Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

I've got a PM that handles a lot of units in this range so we are both fairly well versed on what to expect.

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

More people typically means more wear and tear. 

We are getting inquiries and some applicants (mainly section 8) so maybe we will give it a few more months.

We are here to help you and each other, so ask away!

Our two story more family homes started at 500k and have ended up at 675k to 725k.. with our original nets at 100k ( was the goal) to now we are 100k to 150k NET NET NET on those.. we have 17 more to deliver and 11 are presold at those high numbers and so if I can keep lumber where i need it we should have a very nice last year of the project.

After all paperwork went to their attorney three days ago, they told us they couldn't fund to a partnership or an LLC, had to be a corporation. and yet ALL OUR  PAPERWORK  states we are an LLC. 

By shifting all that money, we were investing in our retirement accounts to real estate it has significantly increased the speed at which we are growing.