Also, not very easy to use typical methods of valuation like comparable sales - there is no public tax assessor's website that you can just freely grab this from. 

Something has to get better in that market as the regulations are too confining and essentially up to interpretation by the city explore you engage with.

Let me explore it ... 

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

A great way to start is by learning how to analyze deals and exploring strategies like buy-and-hold or house hacking.

Message me if you want to explore options or discuss further.

It can be a bit of a juggling act, but it’s a method some investors use to grow their portfolio without waiting years for equity to build.I guess what I'm saying is, it's not just about waiting.. it's about finding creative ways to leverage what you already have.

If they’re really in a bind, you could even explore something creative, like seller financing or a subject-to deal (where you take over their mortgage payments).

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.

Should we explore that route, purchase an already built duplex in Peoria or another part of the Midwest?