The right vertical column showed: the "IRR"  (don't remember how  he attempted to explain that one) , total return/unit and equity multiple.   

Hi Carla, I've only added square footage on my personal residence but I also complete new construction build to rent homes in central Houston.

Initially it seemed like the relationship was skewed in my favor - why would my partner want to put money in to only get 50% of a deal when he could just buy the property himself and rent it keeping 100% of cash flow and equity.

Have you talked to your lender on these properties so see if they would give you an equity line? 

We have equity in both properties and need help figuring out the best way to leverage that equity into additional properties. 

I don't want to throw money away every month, I would rather pay towards my own equity.

You have the cash or you have equity that will be converted to a HELOC, a retirement account that you will pull money out of and be subject to 10% penalties plus your tax rate?

Old apartments (maybe 1920s), some new infill, certain areas had major drug problems (check with Stockton Police on this, I just avoid area; I looked at apartments there but found that few had any parking for residents) Now there are new developments south of downtown near the airport (Hwy 99 side; east) and on I-5 side (west).

I want to convert my current residence into a SFR and look into buying a duplex to implement house hacking and reduce monthly expenditures while also getting into another property.

But, if he has equity in the property , I would sell and get the $250k tax free gain.