Diana, you’re absolutely right that finding a solid team is crucial when investing out of state.

However, if your time is limited or you don’t want to deal with tenants directly, hiring a property manager can make your life much easier—just be sure to choose one with solid local experience.Are you currently house hacking in Chicago?

I have come to the realization that my calculations are not as solid at I once thought.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

Make sure every investment is solid and that you know how to manage them well.

Solid advice!

I thought the program’s 50/50 profit split would align our interests and ensure they provided solid guidance, especially since I was new to the field and nervous about making such a large investment and thought the 50/50 profit split sounded fair.

(if the buyer wants a more solid commitment)Once a buyer has spent money they are somewhat vested in buying the property and that gives additional negotiating power to the seller.

You’ve made an accusation, used it to imply that I’m covering something up, and provided not even an example, evidence, foundation, etc. for your outrageous claim.  

One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.