Also you need to understand your risk return profile.

I have a side business doing tax returns for real estate investors and property managers.

Why risk $50k on a "maybe 5%" return when you can get 4.3% on a CD? 

Sure, there were a few hiccups along the way (like when a shipment of materials got delayed), but with some late-night calls and a bit of creativity, he turned it around.On the flip side, turnkey properties offer immediate cash flow with less day-to-day hassle.

Due to a significant spike in demand, housing prices have skyrocketed, making it nearly impossible in some areas of the city to find solid returns as a real estate investor.

Timber in the right area growth rates will equal about 12 to 14% return at todays prices if prices rise like they evidentially will then you can get rates of returns much higher..

Borrowing: If you have an investment or business that makes more money than the interest rate costs you on the debt, it might make sense to get a loan to multiply your returns.

Technically, it's the responsibility of the lender to cancel the mortgage.However, as private lenders we typically request that the closing agent draft the cancellation document and send it after the closing is completed.The lender can then execute (sign, notarize & have witnessed) the cancellation doc and then return the original to the closing agent for recordation.

I’d like to keep it with me only having equity and just paying partner back set interest rate until initial down payment is returned plus interest.

Generally, Distributions are paid from profits that have already been taxed at the personal-level since IRS Schedule K-1 flows through to personal return.