It's important to note that some of these accumulated fees and charges that make up the payoff amount may not be collectible.  

Since you’ve got a partner, an operating agreement is super important; trust me, I’ve seen friendships crumble over “handshake deals.”

Growing demand for rentals in neighborhoods like Midtown and Corktown provides consistent cash flow, and government incentives such as Opportunity Zones further enhance the investment climate.To add my perspective, it’s important to conduct thorough market research and assess trends carefully.

Seems more important that $14-$28k in  cash flow. 

🔥🔧And you know how we're always chatting about the importance of understanding market drivers like rents, population growth, and job growth?

In some instances the estimate may be less important but rarely if ever do I not see a requirement for no appraisal unless the value is 4x the loan amount.

Cash flow is important, but appreciation, principal paydown, and tax advantages are also key factors in long-term real estate success.Your logic makes sense—if your investment property’s rent offsets your primary mortgage and you’re in a strong appreciation market, it could still be a great long-term play.

Since you’re already diving into BiggerPockets, focus on clarifying your investment goals (house hacking, multifamily, or BRRRR), building your network with experienced investors and lenders, and most importantly, taking action by analyzing real deals.

I also diversify into alternative real estate, like self-storage, to stay ahead of emerging trends.I’ve learned valuable lessons over the years, particularly the importance of clear communication and aligning expectations in partnerships.

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.