Educate Yourself:Even though you're already making moves, there's always more to learn.

I'm ready to start expanding my MTR portfolio and am currently in the "educate myself" phase.  

@William Coet it’s a different business model altogether.I love highly desirable areas that attract highly skilled high income college educated workforces.They tend to be more liberal and therefore the landlord tenant laws.The percent of their income that goes to rent is typically much less than 20% so a rental increase of 5-10% is nothing to them.They are typically lower cap rate areas and therefore every dollar of net operating income that is earned is explosive to the underlying asset value.

I believe these posts are influenced by the pay for education syndication model.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

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?

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

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

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