Chances are this is NO deal property as the X will want their fair share and a fair market appraisal will need to be done and the equity split equally.   

And it also concentrates the equity in your remaining property. 

@Jaedon StoutBRRRR Strategy - This works well when buying properties below market value and rehabbing them to increase equity.

Hello,I have noticed that more and more property managers are charging tenants ~2-3% of rent + $30 as admin fee/resident package/utility package.

And, for those people who have more time than money, they can put in sweat equity into directly owned real estate.

While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.

.), maybe showing how much equity could be pulled out of which property when, whether the portfolio would still cash flow, etc.

Lastly, in this example, if you are only able to collect rents but have no equity on the property - that is worse for the investor than owning the property.

I had planned on buying a new primary residence  that needs a rehab that i can get way under market value.

I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person often.