My daughter and son-in-law have settled down in Abilene.

Quote from @Joseph Gozlan: No, California laws kill California malls...Here in the Dallas metro, retail is thriving!

And agents are legally prohibited to engage after closing - at least per Wisconsin State law. 

You might be able to have it considered as a mother in law suite.

. - Who ever told you that only 30 days notice is required does not know CA law.  

They also don't understand the law, or the changes that are happening around the country.

Both Indianapolis and Louisville are excellent markets to consider—affordable entry points, landlord-friendly laws, and steady rental demand.Since your background is in data science and analytics, you already have a strong foundation for analyzing deals.

@Jeff Shaver There is no specific statutory time frame before you can do a cash out refi after completing a 1031 exchange.

If cash flow improves, it might make sense to hold onto the property while expanding your portfolio with new acquisitions.Reinvestment OptionsIf you sell or pull equity, focus on markets and property types that align with your cash flow goals:Out-of-State Markets: Research markets with strong rental demand, favorable landlord laws, and higher cash-on-cash returns.

I'm not an expert on California law, but I believe you are allowed to give a 60-day notice of termination for a substantial remodel.