Hi @Christian Weber - you need to start generating leads. 

Selling information on how to do real estate  ( this can be number one income generator)7.

This market has effectively collapsed over the previous 12 to 18 months... price for fixerupper properties have dropped to lows not seen in a generation"I still have the property associated with that appraisal.

I work in Healthcare and my goal is to learn as much as I can about real estate investments and eventually generate enough passive income from real estate to quit my day job.

: The how-to book of syndicated investment real estateMulti-Family Millions: How Anyone Can Reposition Apartments for Big ProfitsThe Complete Guide to Buying and Selling Apartment BuildingsInvestment Real Estate Finance and Asset ManagementRaising Private Capital: Building Your Real Estate Empire Using Other People's MoneyThe Definitive Guide To Apartment Marketing: How To Generate More Leads, Close More Leases & Improve Resident ExperienceWho: The Method for HiringTaxesTax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your TaxesThe Book on Tax Strategies for the Savvy Real Estate Investor: Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS!

Can I ask how much cash flow you expect to generate on the property?

I’m considering writing, either jointly or solely, an eBook to help generate leads for RE clients — I’m a licensed CA broker. 

If done properly, short-term rentals can offset directly against ordinary (W2, active) income without the real estate professional status.Losses generated by increasing depreciation with a cost segregation study, can be used to offset active business income without qualifying as a real estate professional.

The result is the max mortgage payment, with 20% DP (not higher), you can make and still generate the needed cash flow in that micro-market.Don't make the mistake of increasing the DP to get the needed CF. 

I would like to pull some of the equity, give him some money, make some updates and start generating some income maybe with Airbnb or rental.