I’m not suggesting you can’t successfully complete the BRRRR method but if you are selecting your markets based on where that strategy is most attainable you’re going to make regretful investment decisions because most who chime in will promote markets where you will be able to obtain a favorable cash out refinance while ignoring everything else that supports whether the market has a good underlying investment thesis or has a a more attainable alignment of sale values and appraisal values. 

.- Use tools like the BiggerPockets mortgage calculators to see how different interest rates and loan terms affect your cash flow.If you have more questions or need further guidance, feel free to ask Good luck with your duplex venture

There is an active Facebook Group and meet up called "CR Area RE Investor Meetup".Good Luck on your investment journey!

Best practice is to connect with good property managers like @Kyle Tom from Elite Property Management. 

Proof that your property taxes are in good standing.

So not asking if this is a good or bad idea, because we aren’t planning on doing it  Rather - what are creative solutions to do the equivalent of transferring the property without doing a direct property purchase, assuming all parties are on board including the lender?  

Unfortunately, very few local Worcester residents can afford these properties, creating intense pressure on those who live and work in the city.

Anything over may look good, but will likely be hiding cap ex in this market.

However, given rising rents in this zip code over the past two years, this may be a good option for renters in the lower income category as well as for new incoming residents.

Quote from @Basit Siddiqi: When you bake in buying out the partner, factor that since they are not selling the property, that they are not paying approx 6% to 10% of the sales price which should be in your advantage regarding your offer.Best of luckThanks Basit, good point to consider!