My discussion with the broker ended with him asking what I want to happen.

I would agree that the best idea would be to simply ask them this exact question when discussing the first property.  

Welcome aboard, there's a lot of good information, discussions, and knowledge here at BP.

@Brian Pleshek I am going to send you a PM so we can discuss this further!

Hey everyone,I have a  question in regards to where to invest next.I currently have a triplex and am trying to decide on whether to focus on increasing its cash flow via removing my PMI or moving on to purchase another one.Someone recently stated they don't invest in rental properties unless they are getting an IRR of 15%, and they seemed like a much more advanced RE investor then myself so I am going to assume that my IRR is 15% on this property I have at best.I currently have PMI for about $150/month.

We are looking for recommedations for agent/broker/realtor in the Fairfield County Connecticut area.Wanting to build a relationship with someone who understands REI. Our first goal is to invest in a multi family and h...

I do have background in the RE and constantly continue my education in the field daily.

I'd love to meet you all and discuss ideas and strategies. 

Renovations are being completed within the next few weeks, at which time the property goes on the market.Scenario 1 - The property is sold, my note is paid back, and I receive 20% of the net profitScenario 2 - The property is re-financed, my note is paid back, and the property is rented.

@Dakoda SpencerReal Estate License West Virginia, see a great RE Broker, I like Keller Williams.Single Payment Note is one payment due in the future (3-4 months), not monthly payments.