@Dana LaBerge, If you don't mind me asking, do you structure your deal such that you pay interest on the $ that your JV partner is loaning you as the project is going on or do you give them a back end payment after the property sells? 

I have a good feeling I know what I need to get started and have it as well as far as funding, plans, house in mind, exit strategy.

I'll be keeping this in mind moving forward!

Im also open to collaborate with some like-minded investors if its mutually benefecial.

Its not you offering, but more of "hey, I might be interested, and keep me in mind".

Then calculate how many months it will take netting that profit to equate to the $131K that you stand to make on a sale now.Keep in mind, the profit you are making in rental income is taxed, but not as a gain. 

Personally, i spent a bit more to be in class "B" neighborhoods where even though the cash flow isn't as ideal, the peace of mind is worth it.

Would you mind expanding on "figuring out the markets."  

Bear in mind that conventional lenders allow you to use part of the income from the building to qualify for the mortgage.  

I know with the single fam that I own, it gave me a lot of piece of mind when getting it listed.