Landlord and Tenant agree that any action or proceeding in which Landlord is seeking possession of the Premises from Tenant, a trial shall be heard by a court sitting without a jury.

Some investors thrive in these situations, while others prefer clearer paths to ROI.Before proceeding, consult with a real estate attorney and conduct a title search to uncover any surprises.

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option. 

The proceeds from the sale will probably go toward rehabbing Lot 2 and sell it for more.

You can take any proceeds tax free and roll into a different investment. 

Deploying 1031 proceeds from California home to a more landlord friendly, higher cashflow location.  

I just want to check before I proceed.

You as a home owner can use the proceeds as you see fit.

Not sure how to proceed with rentals in this situation.

Proceed to Step #4.4.