In Florida, hold over tenants can legally be charged double rents, that is FL state law.

It's a double skip process that requires gathering owner information on the LLCs from the secretary of state or corporationwiki (as @Eliott Elias stated), and then skipping the owner which is why you will only find a handful of companies that can do this accurately. 

They are not cheap by any means (expect double digit interest rates) but they are available. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

If it were me, I’d double-check the furnace to cover all bases (maybe bring in a second opinion) and document everything.

For example they just double the amount of time tenant has to respond to an eviction notice to 10 days.  

Once that phase is complete, I’d transition back into long-term holds.As for the cash-out refi, without at least doubling the rent, I’d be in a net-negative position each month, which doesn’t seem like a worthwhile trade-off.On the tenant side, I agree with your point about the business aspect—it’s something I’m working on coming to terms with.

I was able to get a HELOC on the first one for 90K because it was a condo in Florida and doubled in value (has since crashed). 

Next PA has very strict requirements for interest rates which you cannot be in double digits.

Acquired a double lot for $112k after resolving title issues and paid $360k for construction, creating a 6-bed, 5-bath house designed for co-living or multi-gen use.