I added value by completing a full remodel and sweat equity.

Spend a year fixing your unit through sweat equity and cheap but impactful improvements such as: paint, light fixtures, hardware, landscape/clean up, etc.2.

This I have done and I think it is the top way San Diego purchases make sense today (i.e. have an opportunity for sweat equity). 

(Value added - rehab cost - holding costs of rehab and placing tenant) equals the profit from sweat equity (profit from the rehab) but if you want to extract all of the investment you need to account for LTV.  

We did invest a lot of cash and sweat equity into it though.

I would consider looking for rentals in older neighborhoods in order to get an add value opportunity where you could have some sweat equity in the rental.

Depending on the buyer this attracts, you might just sell it for cash or traditional financing to an investor or owner occupant who is willing to live in it while fixing it up to get the sweat equity.

Also, the VA now has a product similar to the FHA 203k loan for renovations so if truly house hacking is the desire and you are not afraid of a little sweat equity, then this may be an good route for you to take.

I will contribute sweat equity as the general partner and will be responsible for sourcing, executing, and closing the deal, including DD, asset-managing the property, and eventually selling it.How would you structure such a deal?

For those that do it for a living its no sweat.. for me since I have only done HML my entire career it was a tough test I passed first time but just barely LOL..