That gets you closer to your goal of $48k net profit (after commission, but before expenses) if I understand correctly.

When you say only a JV and not a new LLC formed do you mean you are both on the title as tenants in common? 

@Shawn Carrico-Phillipsit's tough to answer this because it will depend on your own goals, values and preferences.but as you may have noticed, it is very, very difficult to cash flow right now on long term rentals with conventional debt. 

On a low end that would put me at $1500 left over after all expenses.Notably, my long-term goal is to continue buying 3-4 unit multi’s and these retirement style commercial buildings.

@Angela Levy Yes, it's common to get a quit claim deed from the owner so that you can take possession of the property sooner. 

We are now up to 23 properties, with our goal being 25.

just curious what your goals are - can you share some more specifics?

Columbus may offer lower purchase prices, but as you mentioned, oversaturation from investors could affect rental rates and appreciation in the long term.Considering your interest in Philadelphia's vibe and your desire for a potentially better investment environment, it seems like Philadelphia aligns well with your preferences and investment goals. 

Just like most strategies it depends on the cash you actually have and your cash flow goal.

Our goal was to 1.