In maybe 4 or  5 years, maybe 6, the premiums you paid in equaled the net CV in the policy.

If you are going to create a let's say 75/25 split, where his responsibility is bringing suitable deals as his equity, you probably wouldn't want your part of the equity to be greater than 75% - i.e. if he brought a unit worth $100k, you wouldn't want to be all in (your purchase+rehab) for more than $75k, such that if you had to liquidate the LLC (let's say just this one unit), you sell for $100k, he gets his "fee" (the $25k in equity from the house value) and you are made whole as if he never brought anything to you in the first place.

So to explain if you buy the home for 5-10% down and it has either walk in equity or you renovate and its value increases.

Good points with Theresa above.I'll contend that the better thing overall IF you can scrape that kind of equity right now would be to take as much leverage as you can take (while numbers still make sense) on a replacement property.If you scraped $200k in equity from this sale and could use 75% leverage, then you'd replace with around an $800k home.Assuming your numbers work out to a breakeven, this should put you doubling your asset value (assuming the midwest) getting a newer construction home.I'd do that deal all day BUT check your assumptions and make sure that in today's market you can still actually scrape that much equity.

I'll have about $65,000 in equity and a cash flowing rental in place when finished with the refi. 

Here is my current situation: 26 yrs old, investing in RE for the past 5 Currently have 10 single family/multifamily propertiesI have about 40k in savings, 20k in retirement, and 60k in equity of one rental property.

Buyer has a property with $200,000 in equity and he wants to do a 1031 exchange for a $300,000 rental that the seller has.

Here in Ohio, you can still get killer deals that grow in equity while also bringing in cash flow. 

For example - an investor may look at a property and think “I have $80k in equity sitting in this home” because they take the appraised value and subtract the current mortgage balance.

In mid-2021, I did a cash-out refi on my primary mortgage which decreased my mortgage rate and allowed me to take out ~$60,000 in equity for an off-market deal that was priced 20% lower than the going market rate.