There is a component of doing a cash-out refinance, but it seems the thought would just be trading one loan for another in that case for an extra ~$5k of leverage. 

There are a few tricks of the trade you need when you get specialized like that.

Cash What was the outcome?

I was not sure if he left trading and wanted to be a landlord full-time.   

When your documentation is thorough and all procedures are correctly followed, you can typically achieve a favorable outcome in having the tenants removed.I've done it many times with out the need for an attorney. 

I'm curious to learn more about the experiences and outcomes of using this approach compared to short-term and long-term rentals.I’d love to understand which strategy might work best for me.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

If this is a bigger job involving multiple trades, then this could be more challenging to move on from. 

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

It will help keep you organized, streamline your communications about the repair both to the tenant and to whatever trade person you use to do the work and make your bookkeeping related to the repair easy.