If you want to be mentored your best bet is to go work for a company - most CRE is not a single individual and CRE is fast moving and things happen fast and you can't structure a "follow me to learn" without working for someone 

I wouldn't take that money to buy him out I'd liquidate and move into better asset class like extended stay development or 3 story walk up apartments 

It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).

That way you have them in your back pocket when you find the right one, and generally lenders can move a little faster to close the deal once you're already pre-approved and in their system. 

i would move cautiously.

When I would get to the refinancing part, how does this work in my favor in terms of getting money out of this investment and moving onto another one? 

I got sick of it one night and told my landlord I will be moving out in 3 months.

There’s no shortage of properties that could benefit from your expertise, and using your team during slower periods is a smart way to build equity and maximize returns.If you’re considering your first project, I’d suggest looking at duplexes in Belton, MO.

My team rehabs and builds new.  

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.