So, for as long as the note we hold doesn’t pay off, we collect $10,722 monthly interest and pay out $4,100 on the underlying note - of which prox $2,000 is interest with the balance principal reduction (since our note is interest only this represents note equity buildup).  

Subject to is NOT a loan assumption; it is purchasing a property without paying off OR assuming the mortgage.  

All the off market stuff is held ransom by the local wholesalers who have a major footprint in the local markets. 

It's a ridiculously good asset class when you  know what you are doing, but living off of cash flow is really, really hard unless you have some paid off properties or a lot of time for rent appreciation to do its magic.

Purchase price: $270,000 Cash invested: $100,000 We recently closed a successful investment deal on a duplex that we acquired off-market through a strong relationship with one of the largest investors in our town.

First off brand new full-time agents don't magically gain more knowledge or experience than a part timer.

@Benjamin P.First off, congratulations on closing your first real estate deal with your dad!

Given your situation, tapping into the equity through a HELOC could be a smart move, allowing you to access capital for new investments without selling off your current assets.That being said, considering your stable cash flow and existing portfolio, a DSCR loan could also be valuable.

I am willing to put off a flip to move into a nicer primary.

I find that in it'self illiminates some of the worst one's right off the bat.