Some areas offer great potential for rentals and appreciation, while others may be less favorable.

Since they're month-to-month, it might be worth having a respectful conversation, explaining the market situation and any improvements you're planning to make.Some tenants might leave, which could actually work in your favor if you're looking to renovate each unit.

Is there any recommendations for lenders that would do a 90% LTV with favorable terms?

All factors seemed favorable.

ADUs are really the best play for California right now because those particular laws are trending in favor of the homeowner with some limitations.

Waiting too long to refinance can also leave you with less favorable market conditions.Neglecting to Build Relationships with Lenders:Many investors assume refinancing will be easy, but without building good relationships with lenders or shopping around for the best terms, you could end up with a deal that doesn’t work for your investment goals.Ignoring Cash Flow:Some investors get caught up in the equity gains and forget about cash flow.

Whereas now your amortization component is very high because of the favorable financing in place.So you have to consider all of those when looking what and where to invest next.Another thing to remember is that in order to completely defer tax in a 1031 exchange you must purchase at least as much as your net sale. 

@Austin StyerAustin's market conditions in 2025 are favorable for flipping due to modest interest rate cuts and robust job market.

The tax benefit however, will tip it favorable.

The judge may find in your favor, but give the tenant 10 days to resolve.You go back to court, and tenant says she is no longer there.