Pros and Cons of a Partnership?

[Account Closed]

I'm in a situation where I can either refinance my first and only duplex (owned free and clear) to get the funds for a down payment on another rental property, or take on a partner who can provide the funds in exchange for equity instead of doing the refi. I would still retain control of the LLC.

This has me thinking about the general pros and cons of the partnership strategy vs doing It myself. Although some might be obvious, I'm curious to get some extra insight since I'm just starting out. For example, with a mortgage I wouldn't be giving up equity, but the LLC would be more in debt which could prevent it from scaling as quickly.

Thanks, Adam