Wait until it's close to the end of his lease (know what the law requires) and then give him notice that you will not renew.

I would say however that if you are looking to buy rentals then the landlord tenant laws are not landlord friendly. 

Your wife and her sister could then apply for a HELOC on the property, using the funds for investment purposes.If you are the primary investor, the new property should be held in an LLC, with your wife and her sister as the members.

Then involve a GC once you understand the scope of work.

But if you are getting anxious just reading a book, then being a landlord is not your cup of tea. 

You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right. 

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.

Right, @Karla Garcia but the trick in rehabbing is that you may think you know what needs to be done and how much it's going to cost until you start the process and then you knock down a wall and realize the whole house needs to be gutted!

I've had a total slob for roommate once and if my new landlord had ever seen the prior unit then I'd probably never gotten another unit.   5)   by seeing in intimate detail how the tenant lives you may be opening up yourself to 'unconscious bias'  claims if you are in a tenant friendly jurisdiction and you deny without a very concrete and verifiable reason after seeing their unit.

I then did some wholesaling, land flipping, did some more buying and am now just doing lending to build up active income.