I am wondering what method can I use to pull this equity out of the home to purchase more homes through owner financing techniques. 

. - You get your cash back - you will have around 20% equity on each deal when you refiGiven that buying a distressed property and refinancing take you 6 months because of the seasoning period, It is still better than saving money each month to buy another property. 

-Should I try to partner with someone on my first couple deals that understands the business side and just offer to cover the rehab side for equity in the deal? 

If a judge or attorney discovers that you transferred a property into an LLC conventiently after you discovered a tenant planned on suing you would they look favorably on that decision?

After i rent it i wish to use this home as collateral and pull out my equity through a long term secured loan. 

In San Diego, positive cash flow on SFR is achieved by having large equity holding. 

.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

The project is going to be 20K of material and sweat equity.

I have equity in my primary residence and have been studying up on biggerpockets.I am working on 2 BRRRRs at the moment.I know everyone approaches this differently.... but how would YOU achieve financial freedom if you were to start over again with a 250k loan?

I do Invest my own money (mostly in weed stocks) but I am looking to make a investment that is not an equity product, where I have more control.