We moved out end of November.

It takes some patience and perseverance but with the right team, it does work.

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Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

Leveraging your equity through a HELOC or cash-out refinance can be a smart move, but it depends on your risk tolerance and goals.

Proof of coverage must be provided to the Landlord prior to move-in and upon each policy renewal. 

Quote from @John McCarthy: The standard answer is 60 Days, however, your lease should specifically state what your terms are that you both agreed upon when the tenant moved in.

Do they want to move?

Also typically time is of the essence in Real Estate so the quicker things get moving the faster the return comes.

Gordon, did you ever go forward with the refinance to move on the boutique hotel?