@Jason Barnes the requirements are very strict at the moment: net worth equal to loan amount, 25% down, 12-18 months reserves and PM experience.

That move in window is a vital piece of the conditional loan requirement for owner occupied with that program coupled with the local cap for FHA loan products.  

Your investment would be the same and assuming everything else is equal, you'd cash flow a total of $400 a month ($100 more than you are now, or double what you'd get for the multifamily).

Loans equal risk, and if you take the risk down to zero ultimately you end up with more options.

To defer 100% of tax, you must reinvest equal too or greater than relinquished property sales price minus allowable expenses (real estate commissions, closing costs, exchange fees).  

Most financial experts end up suggesting you need a cash stash equal to six months of expenses: If you need $5,000 to survive every month, save $30,000.

The simplest kind of real estate investment partnership is an even split where each party invests equal money and effort into the investment and gets the same rewards.

I am new to this, and want to ensure that any partner I take in participates in an equal amount to make the deal fair. 

Less demand for equal supply means lower rent prices.

I hold rental properties within LLCs and also within my personal name, and am able to minimize income tax equally through depreciation shielding.