SFR has the simultaneous advantage and disadvantage of its value being based on desirability and location.  

The cash-out amount would be a separate agreement between us, aside from the refinance.I'm really just trying to wrap my brain around the logistics of how he'd be added to both the loan and Title, while simultaneously removing myself.

@Holly Boss you can do both transactions simultaneously so that you are not sitting on cash for too long. 

You would also want to inquire about doing a bridge loan so that it makes the transaction run smoother to close simultaneously. 

Simultaneous closings vs.

To say that tenants are at risk of losing their housing, while simultaneously saying that tenants can not be evicted for not paying rent is insane. 

That sounds like it should be an easy fix to change to 3 contracts, although they could probably (I'm not an attorney or mortgage/escrow officer) each have a clause dependent on each of the other contracts closing simultaneously.  

Financing is always something you need to make sure you have access to at any stage..having a team you are familiar with, who understand your systems/ motivations etc is also imperative to get in order from the beginning.... you;d have to ride both horses simultaneously 

@Giovanni Cardenas, As surely as multiple organs are all working simultaneously...you have to ride those horses simultaneously....never stop finding funding, never stop finding buyers, never stop marketing, never stop diligently seeking deals...unless you chose to retire or have trained someone to do it on your behalf...or both.

At one point, I operated with LLC, S Corp, and a C Corp. simultaneously for several businesses.