You will take care of repairs under say $200 or $300.

Most seller's in a sub-to don't understand the risk they are taking and most lenders have concerns over the overall portfolio quality ratings which has an impact on their cost of funds.

The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.

If you foreclose and take it back then you can resell it later but if you are owed $25,000 and it sells at foreclosure sale for $40,000 you don't get paid $40k.

I’m 37 and I’m wanting to do real estate full time eventually(if it takes 5-10 years, that’s fine). 

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

Even if you manage to find an office with an existing tenant, their lease could be approaching expiration, and without plans to renew, it can take an incredibly long time to secure a new tenant for the space.

@Julia Lyrberg First I want to thank you for taking the time out of your day to reply to my post, it means a lot!

I didn't know that I could view stats on FF in my city, I'll for sure have to check that out. 

We regularly take over properties from managers who haven’t performed well, and it’s a seamless process when done right.