If you want to make more like this you can study how to do a 1031 Exchange, find one of the Wholesalers on BP who will get you really good deals for cash and do fix-ups and flip them until this Market Wave dies.

My prediction is that there will be a "2nd wave" of flood houses being put on the market.

Personally since we are nearing a definite market correction cycle which will of course hour CA hard because that's just the way it is,,,,, in would definitely be looking at a more stable market where you can value add which you've obviously proved you can and buy  cash flow on current property  actuals and enjoy a much less stressful ride when the wave changes directions. 

Essentially I offered her $1300 plus waving all of her back rent which is $1600 if she packed up and left within two weeks.

The first through the third wave is always the most profitable.  

My market center will wave it if you have $10,000 plus in commissions for the year, which shouldn't be an issue if you time it correctly.

Yes, but if you purchase well, you can ride waves of all shapes and sizes.

My gut is telling me to go all in and ride the wave haha.

There are better places to put your money than a bank but none are as secure as a bank, not even under your mattress.Investors go bankrupt every day for many different reasons so the only thing worse than not forcing your money to work for you is putting it out to work and having it wave good by.I am more comfortable borrowing money from a bank as opposed to loaning money to a bank.

This will give him the staying power to hold out for a good renter vs accepting the first one that comes along waving cash at him because he feels the pain of having a vacancy or two.