I'm now finally here in person, and have started to go view places in person with the intent of purchasing. 

Personally, if the property is in a bad area, this will give you headaches no matter what.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

After refinancing, I walk away with $75,000 in cash but still have $152,000 of my own capital left in the deal ($200K + $27K - $75K).The Issue:When I calculate cash-on-cash return, it shows ∞%, but I know I still have capital tied up ($152K).What am I doing wrong in my calculations?

Nothing personal. 

One of the questions is: how many rental property does he own in the area.I got my real license in 2020 and still work with out of state realtors all the time.

Since our son will be living there, should we have him own 51% and we own 49% and put the financing in his name (with us as co-signers) to homestead it? 

Lemos: Quote from @Jay Hinrichs: well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder. 

In turn, everyone piles on.If you present some specifics and your personal metrics (credit score, experience, w-2?

Personally, I don't ever recommend jumping in head first not knowing the bottom.