As Nate said, one of your options is to take over the property completely.Another option is to educate your partner.

You won't have to pay tax and recapture of depreciation.But still, for cashout refi you still have to pay interest to take out the proceeds and also pay closing costs.Can anyone educate me if I am getting this wrong?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

@Jaysin Anderson I would also suggest you reach out to @Ricardo Matos; he is an educator, investor, and friend of mine here in Portugal who will have some good insight regarding BRRR here. 

Though, it's been a far better education than any book or course on real estate.  

They are proud of what they have survived and they are committed to their children's education. 

I don’t get why people would pay for an education when you could get it for free on bigger pockets. 

Then cut in w brush and roll the walls.It's up to you what to do but educate yourself on the setups of spray. 

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Any educated company would know that and they would know not to mess with security deposits.