I was going to do that in an attempt to get creative with my financing options so that there are no liens on it and I could borrow against it as an option.

LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.

.: Someone asked for more detail on Creative Finance.

@Dallas Morioka why use your own money when you can do seller financing. 

Financing options do exist: hard money loans, renovation loans, and some traditional mortgages can be used on distressed properties if criteria are met.

Hey everyone,I have recently read Pace Morby's book about creative finance, and am super stoked!  

Your credit score will be worth improving to acquire better financing options.

Creative Financing" can mean a lot of different things depending on who you're talking with. 

You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?