In terms of selling the note, my father would likely just assume the note and cash me out (for the balance of the principle).

That was the start We have went from: The Gold Standard The Paper Standard Now we have the digital standard Fractional banking needs to have a 12:1 ratio of real monet to vapor paper, 20:1 can workwith the way balance sheets work.

The balance on the loan is $514,000.Any tips/suggestions/advice?! 

After that I used traditional IRAs to get the tax deductions and have a balance of ROTH and Traditional.

HELLO,I GOT 5 HOUSES WITH A LOAN OF 980K ALMOST A MILLION DOLLAR BALANCE WITH 4.5 TO 5.5% RATE ,THEY ARE APPRAISE AT 1,4 MILLION ....MORTGAGE PAYMENT LIKE 4800$ A MONTH ALL 5 ....RENT INCOME 6000$ A MONTH ...IT WILL BE A GOOD IDEA TO BORROW 1 MILLION DOLLAR IF I FIND AT 3% WHICH I DON'T BELIEVE ?

Partnering allow some balancing between two or more people who complete each other (everyone brings something different to the table).

Balance sheet  !

Best of all I have enough of a work-life balance to enjoy life, pursue real estate investing, and build an extraordinary future with my wife (real estate investing helps a lot too).  

My balance sheet is being net 'paid' $200/mo not including appreciation and the freedom to not have to ask the landlord if I can paint a room or have a dog and the freedom from rent raises and leases not being renewed.I could rent out my main house portion for more than my payment, easily. 

Remember that this is a fund (portfolio of properties) which means that your investment is in a pool of real estate, similar to a REIT, and your returns are a balance of all properties in the portfolio.