Advice for buying partner out of equity

[Carrie Mims]

I have a capital partner to fund multi-family properties. His goal is not longterm hold with me, but rather liquify his portion. My goal is longterm hold.

My plan would be a value-add property that would ultimately be refinanced and I’d buy him out of the equity either with cash out or partial cash out and rest in 2nd mortgage. 

My questions revolve around being able to refi a large asset in my name and the challenges I'd need to overcome in order to do that, I.e., reserves, DTI etc. Also, I'm not sure how to structure this from the beginning with this particular exit strategy. Am I on the title, would this be quit claimed after refi etc. Any advice to point me in the right research direction or personal experience would be greatly appreciated! Thank you.