Hi everyone, I have a personal goal for the year of 2024 of achieving 200K in profit from flipping properties before Dec 31, 2024. 

But thats only in year 1.Where things really work out in real estate investing is over time as the mortgage stays the same but the rents increase.After year 6,  that property would be worth 1.33 million (again, assuming the 4% appreciation) and they'd have a remaining loan balance of 791k which gives them 539k in equity. 

Depending on the LTV, FICO and PPP you may achieve a low 7% rate on a 30 yr fixed loan 

Equilibrium/balance and limits are essential.

Yep as said above, DSCR is typically the way to still achieve 30 year amortization, fixed rate at 75-85 LTV. 

I’m looking for advice on how to setup a structured partnership with my in-laws so that both parties achieve their goals.

I was going to say On DMonte, which is listed, aside from keep dropping price, all the way to break-even point (mortgage balance) eventually there isn't much else you can do, but I just saw its showing pending online... so did you manage to get it in escrow?  

Let's say the buyer pays off the balance in five years.

When you reach your goals wouldn't it be a necessity to have your health so you can enjoy your achievements for a long time with your loved ones?

In that case, you could end up with person at 81.68% or 77.23% or whatever, and the IRA with the balance.