While @Phillip Austin mentioned Raleigh is a higher returns its just very much a appreciation market, you will not find rentals that cashflow, so depending on your goals its a good or bad market.

If you have no desire to actively pursue other investments where you make more than a 2.8% return, then by all means pay it off faster.TYFYS and best of luck!

For 2024, the threshold amount is $305,000 ($610,000 for taxpayers filing a joint return).

And, if a higher return is offered with moderate risk, don't believe it.

With syndications many operators are using finance magic to juice returns, but that can result in full wipeout on the investors.

I usually look for 10% return if not more. 

That said, what is not clear is whether your CPA prepares a partnership tax return for the deals where you guys partner up.

This means a deep dive into your Internal Rate of Return ((IRR). 

WANTED: CALIFORNIA TAX RETURN PRONeed real estate tax pro in California to go over proposed draft.Includes sale of rental property. 

The returns will likely be greater if you source the borrower and originate on behalf of the IRA.