Essentially my idea would be to sell 1/2 my interest, pay off the existing loan, and be "partners" with this person as long as there is a defined exit strategy. 

It all depends on the person's own situation.

Looking for advice.  I am looking to invest in PA.  However, getting loans under LLC is very hard in PA.  As a result, seeking option to purchase the property with 20% down with a FHA loan.  Getting the mortgage under...

He left behind some personal items and took a few of ours (it was partially furnished). 

As far as I am aware you can rent by the room in phoenix, I am not aware of any unrelated persons ordinances but you can check with your municipality they are usually starting at > 3 people that is what I believe would limit rent by the room.

Thus, a low cap rate is indicative of lower perceived risk, for one reason or another.B: There is a relationship between the interest rates and the cap rates.

If in-person, where are you located?

@Dave Malone, I'm with @Tom Gimer on this one.  99.9% of the time a title company simply has a relationship with a QI either local to them or affiliated with their underwriter, or a national footprint QI like us. 

I am a Real Estate Agent and investor based in Columbus but I personally grew up in Cleveland. 

I am wanting to purchase land and build a small cabin to STR (& personal use) in the North GA Market.