LLC cash purchase moved to investor capital

[Ryan Morrissey]

If I were looking to purchase a property with cash through an LLC and get it cash flowing with LTR or STR (depending on property). Then, have an investor refinance the property with their financials while being added to the LLC as a partner and they pay me the principle back directly, so essentially they are funding the purchase once the dust settles and my initial investment is paid back (or close to it). What's the best loan to approach for this scenario? Classic cash out refi? Are there any lenders willing to leave less than 20% equity in play (ideally 15% or 10%)? What potential hurdles do you see with this approach?