What was the purchase price and how much does each property cash flow.

In terms of cash reserves outside of that we don't have anything substantial saved (our savings went to the earnest money) so our priority is to pay down the HELOC and increase income.

Cash out refinance, pay off the HELOC and then repeat like the BRRR strategy. 

Over time capex exceeds cash flow.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

These properties were not distressed quite the opposite.. but they had 100k to 3 to 5 million of standing Timber on them that if we could purchase our Timber deed we could turn those trees to cash within 90 days..PS I had created a hand made custom data base of properties  10 acres or more not corporately owned that Aerial Photogramy show Standing Timber of an Age we deemed Merchantable. 

Figure out what your exit strategy is first, and then make sure it fits for your partner to cash out and move on. 

Purchase price: $390,000 Cash invested: $40,000 A rare off market twin in Bala Cynwyd!

This is a situation where the cash buyer with no contingencies is going to have way more power. 

I paid him cash.