Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.

@Dan Deppen owns a company that does the underwriting.Once its underwritten then you also must make sure you use a third party licensed servicer to follow fdcpa requirements and consumer protection laws.Lastly, depending on the state you are in, you may need a lender license or servicing license in order to orginate loans.

Or are you alluding to a 85% DSCR  refi, since I thought brokers who offer HELO's can provide 80% CLTV or am I mistaken and it's 75/70 CLTV depending on rate & cash we're looking for? 

Then it could potentially be legal depending on how it's worded.

Depending on the state, when someone rents for a certain amount of time, usually 30 days or more, they become long term tenants in the eyes of the law, and they acquire "tenant's rights". 

Many of also argued that forcing out many STR's will impact our tourism revenues, which we're very dependent on, as many travelers won't come here if they have to stay in a hotel.

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.  

.: Quote from @Charles Perkins: Washington law gives tenants the option of paying the security deposit over several months depending on the lease term length. 

All depends on the operator, the segment there playing in. 

Because (depending on the business), they may not be necessary.What are your goals?