Currently, I find myself in a situation where a significant sum of my cash is held up due to complications between these entities.

Other participants would ‘applaud loudest for the “largest” nothing down purchases, regardless of whether or not the purchase price paid was well above market value, had a large monthly negative cash flow, or was a property that had no other use than as a “recreational” lot.  

6-7k is annual cash flow.If so I would make it a LTR since the STR is not much cash flow and a lot more work.You'll likely be the one doing all the work for your partner.

I'm seeing listings for $500k - $650k all over Providence (outside of College Hill) for properties with 2 units.

Networking with like-minded people is definitely key, and you’re in the right place.I’ve worked with investors all over the country, including Cleveland, and I can tell you that market is ripe with potential, especially for cash-flow properties.

You might use Zillow's zestimate, a CMA (Comparable Market Analysis) provided by a realtor, or just your own analysis of recently sold similar properties.

Cash is king when it comes to buying homes in the wholesale market, and this rule also applies to many other scenarios.

This is our first shot at a property so we'd really like to get some experience in while also making some of our money back in the cash our refi.

I desire to make $80,000 annual cash flow income from real estate in one year.  

I understand these numbers can vary depending on financing, market conditions, and other factors, so I’d appreciate any insights based on different scenarios:All-Cash Deal: If this were an all-cash transaction, what multiples or IRR would you consider acceptable or ideal?