-Depending on your gain above, you could get a partial 121 exclusion and a 1031 on the townhouse.

What I am saying is the tax bill for you could be wildly different depending on how long your partner has owned this property and how much depreciation they have taken.  

If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile. 

There is a lot of variability in this answer and, like all things in real estate, it simply depends. 

It really depends.

HELOCs on rentals are rare, and depends on where you are located.

Plus, other routine tasks like transferring loans and providing payoffs were way more difficult with them than it should have been.

It’s mentally tasking, which is my biggest battle now.

It depends on what you want to invest in.

It really depends on where and what you are looking to do.