Often times with real estate, the beauty of it is that if you hold on to the asset long enough it works out relatively well.

Take back control of your property and eliminate issues that the tenant is holding you hostage over.You got this. 

I have a decent deal under contract that doesn't meet my criteria for a landlord hold.

Investment Info:Condo buy & hold investment.

Should I move forward with closing or hold off?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Is there a limit of loans you may hold at any given time?

This you can tap into equity and hold onto them.

You may want to build in pool rules into the lease (ie. no renting out, max. number of guests in pool or no guests, etc.).I would also speak to your attorney about building into your lease terms that would push the Liability on to the Tenant (ie Hold Harmless & Indemnification, etc...). 

You can use a Land Trust to hold properties in California without paying the $800 fee or check into a Wyoming type LLC that does the same thing.Good Investing...