Yes you do have to pay PMI when you do this but once you hit 20% equity you can get it removed if you buy with a Conventional loan as opposed to an FHA loan.

My understanding is that it adds people/entities to the chain but does not remove anyone.

They recently split up and the wife is asking to be removed from the lease agreement.

But ...The first thing I observed was the replacement cost portion of the quote, was, IMO, less than what it will actually cost to demolish the remains of the existing structure, pay for any hazardous waste removal following a catastrophic loss, and actually pay to replace the property in the event of a total loss, even though I used the quote feature to increase the replacement cost value by 20% (the maximum it would allow).

Another property assessment included another home that had been demoed/removed before we bought the property. 

I know this seems low, but the way I see it, this is how much the buyer would potentially walk away with if they posted it on the market and minus all the fees and concessions so I am getting them to that number with none of the hassle and removing the issue of a looming foreclosure.

I would remove debt to a 7-10 year time frame and lower fixed costs, at minimum.

This may be an opportunity to remove the tenant, refresh the rental, and increase rent significantly with a new tenant you've selected and trained.4.

The latest example, we had a set out (Sheriff watches over as old tenant's stuff is removed from the property) on Dec 13th. 

From experience with mechanical and utility issues in distressed properties, I would also wonder why the breakers were removed.