This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.

I am still personally buying rentals but I am not expecting much in the way of cash flow at the moment.

Hi James,I personally don't have enough experience to answer your question, but there is some helpful stuff in a similar discussion here: http://www.biggerpockets.com/forums/52/topics/1779...You will find related discussions to any forum discussion you are reading at the bottom of each forum discussion page, and they can often help you find posts that answer your question.  

I got a deal on labor as I know the contractor personally and helped out a bit with the project.

Quote from @Matthew Crivelli: Personally, I'm not a fan of Air B & B.

If you make the person an LLC employee you can get around it, but partner does need to be careful. 

@Dave Tasset I haven't personally invested with this company but have heard good things about then. 7e Investments, Chris posts frequently on BP.

We will shop for used appliances where we can when we need one… or pick up used cabinets if we can, or search eBay for something smaller,  but going to the extreme of personally shipping something big in internationally for one-off renovation needs seems like a stretch of reasonable.Just like you mention, the number of unknowns would not seem to be worth it to me.Just my 2 cents.Randy  

Personally, my primary residence has appreciated around 6% in market value and I live in Levittown. 

I personally would never invest somewhere that could outlaw rentals.