I'd save yourself from the headaches and just buy it with a DSCR loan.

Hello Zachary,  You are correct in looking at the Mid-West for cash flow. 

If you spend time learning how to manage well, your income will increase, you'll save time, and you'll maintain your sanity with the courage to expand.

5 Tax Mitigation Strategies Every Real Estate Investor Should KnowAs a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio.

curious how do they structure a note purchase that is not all cash. did they already own the note and just sold the note to you or something ?  

Right now, I am not as interested in investing as I am in helping another investor in order to get some hands-on experience while my wife and I save a little bit more money.

., business travel, home office), optimizing mixed-income structures✔ Long-term tax planning: Strategies to reduce tax liabilities and avoid unexpected tax payments✔ Proactive advisory & clear communication: Ability to explain complex tax matters in simple terms and provide proactive tax-saving solutionsAdditional Considerations:Expertise in tax treatment of travel to Germany (e.g., for real estate management)Experience with compliance in both countriesIf you meet these qualifications and are interested in working together, or know someone who meets our requests, please send a message. 

Or just keep renting and saving in San Diego where we're familiar with the area and the market (which could take awhile, while we are probably 3ish years away from investing in a Midwest market).

What does a cash positive investment mean to you? 

Try to “buy” a discounted rate with a chunk of cash up front?