My comment is not intended to be negative or positive, only sharing my experience as an agent working with investors who use this system to make their offers in my area. 

I am starting to realize there has been a significant amount of consolidation in the space by private equity and other institutional investors. 3) From research it also seems like getting financing can be difficult without prior experience in the space.

Consider offloading an underperformer, or a high equity property and getting better, larger or more assets.

I currently own a 3/2 ranch home with about 100k in equity and have 100k in liquidity.

If you have a RE attorney and mortgage broker then I am assuming you are using some type of joint venture or participation agreement to outline who gets paid what and who is in what position as you tranche the loan.

Because you are not changing the tax return that reports the activity of the property.But... the IRS holds the position that Husband/wife LLCs can only be disregarded in community property states. 

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

They have had nothing but positive things to say. 

You said you can't sell now, but want to wait for the equity gain.

Many of the investors I know have dialed back on their private equity investment or have changed to doing debt instead of equity so it was not prime time.