I’m a fan of harvesting the equity to buy more and more cash flowing properties with zero out of pocket cash for down payments.

Have you considered tapping into your existing rental equity for the down payment?

Do you need to refinance quickly to avoid a balloon payment or other financial pressure?

If tenant below is paying 1,500/m he's living in area he wants for roughly 750/m P/I payment.

For example if one partner brings the 20% down payment and the other will do the labor for renovations then what would be a reasonable split be.

Be sure to follow all formalities, such as sending via certified mail if required.Transfer Rent Payments: Notify tenants in writing that rent payments should be made to the new property management company moving forward.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

Cash out should be used as a 12-24 month loan so that you can buy another property and pull cash out at the next 12th or 24th month mark.At that point you take a portion to pay off or down the first loan and use the rest as a down payment on the next REI.

The BRRR method is not about "numbers working" in a given market.