Use the partner to scale, not the refi, split the cash flow according to shares dictate in your operating agreement.There's multiple ways you can approach your situation; I just wanted to provide some fresh eyes from the outside looking in!

Partner Driven provided 100% of the funding, including the $45,000 purchase price and $92,049 renovation budget.

More than standard among design professionals- Architects and Engineers. 

@Josh Jung do you recommend any providers?

While living with tenants can pose challenges like privacy concerns and tenant relations, clear boundaries, professional management, and proper tenant screening will help you succeed.

Just given the information that you provided, I would say buying a house where you can rent out rooms or a separate apartment is a great way to start.

However, the key is partnering with a professional agency that not only supplies experienced VAs but also uses robust systems—like well-known CRMs—to track calls, monitor lead quality, and analyze performance metrics.Keep in mind that not every VA agency is created equal.

If you provide excellent housing and excellent service it is likely that your turnover rate will be lower resulting in less future vacancy.

Appreciate any guidance.Best regards  My recommendation is ot search the forum posts here on SDIRA and lenders as there are very few lenders and you can google and look up here on BP the terms that they provide. 

HVAC is old but functions - ask for seller to get them professionally serviced if it is not done yearly.