Hey BP I'm Seeking SFH and MFH to Acquire through Seller Finance in Cleveland. 

In 2020, Microsoft acquired Quarry Yards (Grove Park) for $127 million but recently paused its plans to develop its proposed campus.

If you are going to the trouble of acquiring the property, managing the tenants, taking all the debt risk, and executing your own exit, it had better pay you more! 

Additionally, I am looking to learn more about LLCs and weighing pros/cons. 

@Jordan Naeem,Nathan and Jay make solid points above... is there potential for you to invest $50k and take a 10% equity position while reserving the additional $50k for another deal of your own or another partnership?

@Wendy Pattonyes, thank you for the additional information. 

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

Note all investments, including real estate, carry the risk of loss in addition to possibility of gain. 

I'm still thinking if this is the right move for me given the high property taxes there, hassles of out-of-state management, additional CA taxes, as opposed to simply investing in index funds (which might have more returns).

Ride out the W-2 a few more years and acquire as much real estate as you can.