Happy to provide! 

I've asked this seller for any documentation he had and he's yet to provide anything.

This is why for an investor who get's to a certain portfolio size where they could just hire someone directly and take on yet another role (employer), there is still value in a PM via the shield a licensed PM provides. 

Use the partner to scale, not the refi, split the cash flow according to shares dictate in your operating agreement.There's multiple ways you can approach your situation; I just wanted to provide some fresh eyes from the outside looking in!

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

Just given the information that you provided, I would say buying a house where you can rent out rooms or a separate apartment is a great way to start.

Partner Driven provided 100% of the funding, including the $45,000 purchase price and $92,049 renovation budget.

@Josh Jung do you recommend any providers?

I have worked with a number of great CPAs over the years and would be more than happy to provide you with recommendations if you'd like?

If you provide excellent housing and excellent service it is likely that your turnover rate will be lower resulting in less future vacancy.