You can take any proceeds tax free and roll into a different investment. 

I generally try not to sell my properties unless I have to sell in order to have enough proceeds to purchase a bigger and better property (and usually more units).

2- if there is a “problem” Will the “solution” discussed solve it in a cost effective, consumer accepted way?

I believe if something happens and the tenant only has it in their name I am unable to get the proceeds because the check will be written to them. 

I hired Jenny Yi to design our latest STR in person, she demanded that I pay the full amount of her services upfront, $7,500, which I thought was strange as we are used to paying half upfront and half once it's completed, but proceeded anyway because a couple of people recommended her.

Ask your agent or broker if the insurer is on that list, or view that list at the internet website of the California Department of Insurance: www.insurance.ca.gov/01-consumers/120-company/07-lasli/lasli.cfm.8. ....=================================== Hey Xian!

I'm going through this with Pennymac ATM but will proceed with the utmost caution as even a perception of fraud would deter me.

Now let's say one or both people making the purchase owned a condo previously where they roll over the proceeds/equity into the new purchase and put 40% down.

I know some people do this but proceed with caution.

Otherwise, selling and using the proceeds to scale your portfolio locally could accelerate your long-term goals.