They sound very knowledgeable and I am interested in jumping into the customized course they offer. 

You typically offer it to your partner first to see if they will buy you out.

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?

We got one offer late last year, still listed for sale but content to keep operating and cash flowing Lessons learned?

I'm just here to note that an LLC does not offer a single tax benefit, nor does it allow any deductions that aren't allowed without an LLC. 

The price was lower than anyone else offered.

Offering flexibility has allowed my borrowers to swing into deals they would not have been able to do previously.You’ve made a great point about the importance of being easy to work with and fostering strong relationships with lenders.

I made a relatively low offer and after one negotiation we settled on a price that was about 45% lower than the original list price.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

That has nothing to do with us but we still offered to help you.