Private lenders don’t operate like a credit card company where when you reduce the balance owed, they reduce the payment/interest owed.

Offer them cash flow with tenant management and you have the core of a creative finance deal.

Wasn’t liking how my PM was operating so I took it into my own hands.

I currently operate out of my personal bank account, but was told it's a good option to set up a separate business bank account for everything involving this property (rent, any expenses associated, property management fees etc.)

It is a no brained there and it does not cost anything to operate at those locations.

We bought it for $485k, but 70k into it, and after our first year of operating, have a couple off market offers for $800k, so that’s fun.

I have previously operated a family owned coin op self serve laundry for 2+ years and am very familiar with the area. 

Hi @Bob FogliaNote investing might be something to check into.Partnerships are only scary if you don't have a business plan and good operating agreement. 

Specifically, looking to build wealth/income via the 3 core benefits of RE investing: 1) cashflow (feel quite strongly that things need to cashflow neutral and more than likely positive from the onset) 2) appreciating over the long-term (I understand boom and bust cycles will come) 3) Having tenants pay down debt to create equity.Syndication - this is something I have lightly looked into but based on everything I have seen the return are good (6-10%) but not as strong as they could be if I do this myself.

*the take away here, IMO, is not to try and predict crashes but to operate in a way that give you the flexibility to be opportunistic when these random dislocations happen.