The VA and Fha loans have been able to do it but their strict appraisal guidelines make it tough to buy the often older homes in my market in Virginia Beach / Norfolk Area. 

You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

I create a simple spreadsheet and compare my CoC return and Return on Equity (ROE).

Those loans take  about 45 days to put together.  

The Note/Mortgage for each loan states the dollar amount invested & the % of the total loan by name, for each investor. 

Raising money is all about marketing and sales (not real estate specific) so either hire marketing agency and read sales books, or hop on some LinkedIn courses on marketing and sales.Not sure the legal structure to use: talk to accountants and attorneys.Need deal flow: talk to brokers and go to a lot of networking events.Lending terms: start calling banks and loan brokers.From there, it is all risk mitigation. 

does that mean they are getting the debt non recourse and you bring equity ?

Or what are other ways I can access this equity to purchase?  

Are you investing to create wealth/equity?