•How do you balance starting life with a partner while still moving toward long-term investing goals?

Unless your mortgage is paid off because bank could call the entire balance due.Also LLC'S can provide a false sense of security unless you are doing all the proper steps to keep your LLC.

Quote from @Mackaylee Beach: It's important to strike a balance between having adequate reserves and ensuring your capital is working for you.

Real estate investing can be approached in a similar manner, balancing cashflow vs appreciation and Class A, B, C, D for risk.

The 2nd lien balance is now $24, 000 +/- and The 2nd lien Note holder wants to move on from this loan and not have to deal with them any longer.

It’s a nice balance between cash flow and stability less turnover than STRs, but higher rents than traditional long-term.

Tenant & Community Management:-How do you deal with difficult or short-term tenants?

You lock in your interest rate and if rates drop you can prepay at any time and refinance at a lower rate without penalty.If the deal is commercial, whether commercial multifamily (5+ units), office, industrial, self storage, hotel, you name it...the choice becomes far more difficult. 

Estimated tax payments are due April 15th, June 15th, September 15th and December 15th / January 15th.If you see that your tax burden increases every year, you may want to see if you qualify for the safe harbor estimated tax payment(110% of prior year tax) and then make the remaining balance due by April 15th with the extension.Best of luck!

I invest in the Midwest myself, and a lot of landlords I know follow the same “minimal first, upgrade later” approach to balance cash flow with smart improvements.