I understand I can do work to prevent further damage.

If you try to "beat the system" by getting the property sold the next day (at whatever additional price that would allow you to profit from it) after sniggering at SPS for accepting such a low pay off, I'm suggesting you would only have yourself to blame if they suddenly wake up and add an Addendum at the last moment that would prevent you from carrying out your profit wishes (ie.

Some areas with generous tenant rights prevent the unit from being leased out a certain period of time after an eviction. that could add to costly vacancy in addition to attorney fees. 

Have you heard about CPTED (crime prevention through environmental design)?

Is there any law that would prevent me from not renewing their lease?

So when looking at syndication deals, I prioritize sponsors who "give back" in some way to the local communities, and focus my own charitable giving and volunteer work in this arena (affordable housing, homelessness prevention) as well.Like you said, esoteric perhaps, but I think it matters! 

And are there any restriction in your current mortgage that prevent you from executing this strategy? 

The best thing you can do to prevent it, is have a rock solid screening process.

The point of the OA is to prevent internal disagreements in the first place, if there are any issues that might currently be existing address them before there is an issue.  

Refinancing is typically only a good idea if you can get better terms than you have on your existing mortgage...cash out restrictions will limit what you can take...so, HELOC should be your first option.The alternative would be seek a new first position lien with you and your wife as applicants...as long as your DTI and credit are good...Renting the property you move from should not be a real issue unless you have occupancy (or other) restrictions that would prevent it...If you could fill in the pieces I could get you a more informed response.