If you want to get money out, do your rehab on the new property, and then pay the money back and be done for a while; I'd vote HELOC—minimal expenses and you can draw from it and pay it back whenever you like.If you want to slowly build your portfolio, I'd probably recommend a cashout refi.

Big decisions should require a majority  member vote or written consent (unanimous in the case of a 2-member LLC).

I would never execute a new agreement with someone who had every intention of breaching the original.Is there not a single shred of advice in this thread worthy of a vote?

Another vote to let him out of the lease.

Also, if you like our response, please don’t be shy about giving us a vote😊

The MI investor today is akin to the voter in 2016 who expected certain things from their vote and now refuses to believe that they've been completely hoodwinked.

They earned their vote/post ratios on their own time offering value freely before they were asked to 'Moderate' anything by BP.    

Sorry, I've been on both sides of the room with this issue and I still vote: slow growth and debt free.

Another vote for Smartmove from this Website's program (https://biggerpockets.mysmartmove.com/).  

Everyone on that post voted NO as well.The liability, the additional upkeep.