You would essentially be shopping for two (unless the hard money lender is also your refinance lender).

In some cases, it might be 5 years and a buy out, it could be a longer deal where you would essentially be giving them a "coupon clipper" via check each month, and it could also be subject to them handling certain aspects of the operation for a period of time (12-24 months). 

I essentially have no equity but have 30k cash.

I am not sure how true this is or if it would just be more paper work and organization which is not problem but maybe you'll be able to clarify that for me.Thank you! 

The only way to change partners but keep the LLC, the new partner would have to essentially purchase shares from the old partner, and a new operating agreement would have to be created.

They already made it clear they don't want your input or opinion.... you are just there to do the paperwork for them....When it doesn't sell due to be being overpriced, they will blame you..... they will reject offers and it will be like pulling teeth to get them to lower the price and they will be pissed if you convince them to do itKind of stalking you on social media etc..... pretty standard nowadays.

Unfortunately I needed to sell it to cover another investment home and now I'm reading about possible tax repercussions because I essentially am flipping the house after owning it for about 6 months. 

The type of property stood out because you could essentially get 2 units for just over the price of 1 based on the condition of the secondary structure.

I assume the reason many people steer clear of the 203k is because of the amount of paperwork and the closing time on the deals?

That is essentially an infinite return for the investors at that point.