Lastly, don't be too hasty to move out-of-state until you have some experience. 

Working with a property manager will give you a lot of hands-on experience in the day-to-day of managing properties. 

Please share your experience!

Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?

I invite seasoned investors to share their experience buying their first 2-4 unit properties. here are some questions to base your response/story1) how did you find your first property ?

Find someone who can help you dial down on what YOU want as an asset, and has experience with that kind of property. 

That's my experiences. 

I manage around 400 rentals with 14 years of experience and have never been sued once.

It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.

@Parker BullardFrom my experience, house hacking is a great way to reduce housing costs by renting out part of a property, like a duplex or triplex.