I made my money lending them money to sTudents to buy property..

Congrats on buying your first condo—that’s a big move, especially in a competitive market like NYC.

Investment Info:Condo buy & hold investment.First primary residence (2 bed/ 2 bath condo) located into a desirable part of Southern California.

I am glad you highlighted the management piece as this is a crucial part of buying in another market.Excited that you are stabilized and are generating cash flow on that deal. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.

If it had been my client buying this property, they would have paid a lot less even with the full commission factored in. 

Buying a house near the comps would be a bad deal since they would be buying at a premium.