To avoid unnecessary liabilities, delaying acceptance or exploring a cash alternative may be the safest financial option.This post does not create a CPA-Client relationship.

I'm not sure if that would bring in enough money but it would certainly make things easier financially speaking while you built up your real estate portfolio. 

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 encourage you to do a deeper dig on the financials and take your own skill inventory in making this important wealth impacting decision.  

you know a singing partner /  financial net worth partner ??

Any guidance is appreciated and I know it's not tax nor financial advice, just your thoughts.

Consider both the financial cost and the time commitment.Have I researched the program?

They love the idea of wealth, financial freedom, but don't want to put their own financials on the line.

@Brian Stinson I have always used insurance for a disaster.  

Now it's an out of control machine with a lot of financial incestuous relationship in the tupperware farm.I like your analogy.