Typically, the same applies to LLCs where you and your spouse are sole members.Actual Lenders Title Insurance states;CONTINUATION OF INSURANCEThe coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.

Should I continue with existing tenant.

My current properties cash flow nicely but I have little room for error due to continual reinvesting.

No different than people accepting poor service at a place of business by continuing to patronize it and creating a sense of norm around accepting poor service.

If so, what information would you give them to make them see things for the business reality of the situation, which is that they're realizing an economic loss every month they continue owning the house?

While I know the property has appreciated based on the market, I'm not sure what the property would appraise for, but I could tell you what I think investors would pay for it based on an NOI of ~$33,000 at the cap rates properties are trading at in the bay area.So, if I can't borrow against my theoretical equity, the thought of selling and trading into a larger property had come into play to put that equity to work in a better way.

@Jay Hinrichs  In WI you dont need a license to buy, but you need a license to sell more than 3 in 5 years or 5 in 10 years. also the wording that could make wholesaling Brokering is "for a fee or something of value, and for another"  now if a nonlicensed person wrote an offer as *** Buyer and or Assigns, they may sell the contract, however Intent plays a HUGE role.

It may be some time to get all the parts in place.In the meantime, you should continue to monitor your holding and rebalance or adjust investments as appropriate. 

I see your point about playing hard ball.

Now I am ready to continue my journey.