Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

While property taxes are higher, the long-term upside is strong for investors looking to build equity while maintaining a solid rental base.If your focus is slow and steady wealth-building, Memphis, Little Rock, and Oklahoma provide great value and predictability.

It's an awesome way to learn while building equity. 

As a loan officer, I've seen a few people go through the same scenario of basically breaking even. 

30-Year Conventional: 7.01%30-Year VA Loan: 6.40% Drive Safely, Las Vegas!

I invest in Boise, ID and do quite a few BRRRRs, LTRs and STRs- varying degrees of success depending on how much equity we can force and the type of back end financing we can find, but the tax benefits are great and it's a rapidly growing market and Idaho is probably the most landlord friendly state in the nation. 

I am planning on purchasing a $350k property with DSCR loan.

If you would like to hold the property for longer, that is fine as well, just note that your loan payment will be done after 20 years.

It sounds like she's been renting, so there is no equity in her home. 

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.