If you think the LLC partnership will help you get your share think twice. 

Filing as S and C Corp or partnership will work the best because you’ll have move the filing for the properties away from your scheduled E and off to a corporate or partnership return.

Discuss what a partnership would look like and where you will benefit the partnership, outside of cash contributions.

I have no idea if this plausible but the goal here for myself is to cash out the equity in my rental while bringing on a partner 50/50. I'm not interested in getting financing for the equity in the rental, but rather ...

Open to partnership, etc

I am still new to real estate investing but have been talking with few people about partnering up. Was wondering about any good or bad stories people may have on this topic

Since you are partnering I would highly recommend sitting down with your partners and talking though all the outcomes that could happen to the partnership.  

Consider buying a partnership in a new multifamily property with a proven development team.

A very small percentage have been audited, and all of those had no issues with the audit because they were adhering to the IRS rules.These vehicles are a very effective means to take greater control over your tax sheltered retirement savings and diversify your portfolio into stable and income producing assets such as real property, partnerships, private lending and the like.You do need to become educated on the IRS rules, which apply equally to a conventional IRA but you just are not given the flexibility to need to deal with them.  

I don't know of any groups or partnerships in that area, but I would be interested if you found a group over there!