That is under almost 1,000-year old principals of "equity" followed in English and then American jurisprudence.

Additionally, I wanted to begin using properties to pull equity to go towards buying more.

I believe your net equity may be the silver lining here.

With the caveat that I'm much more familiar with traditional private equity funds than real estate investment funds, I would caution that the returns waterfall is extremely favorable for the GP.

If you have equity, you can use HELOC or cash-out refinance.

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

@Karolina Powell Just some high level thoughtsDeal #1:This is probably something I would only be interested in if there's equity to be had right off the bat or soonish.

My question is: How do I properly take the interest that my LLC has put into the new LLC and give it to my person for the purposes of getting a loan from the bank through a refinance.

That video will go over a complicated strategy to help you get a primary home without much of a down payment and with built in equity. 

I’m an ex realtor who also has some experience working for a private equity group for a short time before I got a really good gig in a completely unrelated industry that will allow me to have options when investing.