And the market was perfect for investing at that time.

First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

Good things take time. 

If you can learn to understand the fundamentals of a given market you can make informed investment decisions. 

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 would suggest getting another full-time job for the time being and investing/doing STR on the side until you can fully and comfortably replace the income that you would be receiving from your job.Is your LTR in need of repair?

You will learn the time and effort required of managing such a unit.  

Have you taken the time to search AirBNB and VRBO in those specific areas to see how many STRs are operating?

Has anyone thought about this before, and came to a decision?

This year, I’m committed to creating balance in my life, letting faith guide my decisions both personally and professionally.In my real estate journey, I combine my tech background with a passion for community-centered development.