If it weren’t for some contractor issues, we would have netted around $60K, but it ended up closer to $45-50K (I don’t have the exact numbers on hand).

Any advice on how to navigate this while keeping the deal intact or potential transfer of partners would be greatly appreciated!

Also, my brokerage has a handful of investor clients that actively run MTRs and STRs in the area. 

You can also look into building a rental portfolio which is a little less hands off compared to flipping.

.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.

Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.

If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?

Promissory notes are transferred by endorsing the back or a document called an allonge.

Have prior owners agreed to occupancy transfer? 

On the other hand, there are many out there who jump into their next adventure without looking back.