Plus a line of credit has the added benefit of clouding the title of the property which helps with asset protection. 

So now the title is clouded, unless someone can find Bill somewhere in the frozen north, and get him to sign a waiver.And Sam?

They don't insure what I'm really concerned about - unrecorded transactions that constitute a past, present, or future cloud to title.

Do we use a software like Tenant Cloud to manage the properties and just hire someone to do things like showings, tenant turnover, and maintenance runs.

But you don't get good notifications, and you run the risk of writing over each other's notes if you save over or delete each others' files.I'm aware of cloud project management software like Asana or Trello, but have not really used them- maybe that is an option. 

The title will be permanently clouded.

You'd be offering them a chance to start over with a grey cloud over their heads.

I heard something about cloud sourcing but I am not sure how this would work.Thanks,Ian 

Fannie Mae removed the "continuity of obligation" requirements for rate and term refinances about a year ago.What that means is that, if there is equity in the deal, and no one is looking to net any profit, you can rate and term refinance his mortgage into your name without any 6 or 12 month title seasoning (what we used to have to do) clouding things up.I can count on one hand the number of times I have done this, and California laws may differ from Tennessee laws.

I unknowingly bought an REO with a clouded title from a sale that occurred nearly two decades earlier.