There just wasn’t enough info in your post to know if any of those might apply.Here’s a couple links where you can read more about this new law:https://a17.asmdc.org/issue/ab-1482-frequently-asked-questionshttps://cal-rha.org/legislative/ab-1482/

Legislation will play a big role moving forward for both residential and commercial properties. 

I can smell marijuana coming up from below and unsure how to handle, especially during these uncertain times from the pandemic. 

Account Closed as much as I would love to rearrange everything, this is an on slab building and I'm uncertain whether the plumbing runs under the slab (will find out once I get in there).

Get them on your lease (with a security deposit that the seller procures for you and conveys to you at closing) as soon as possible, so you know what their lease says.With such a close-to-market rent in this uncertain time, I wouldn't raise rents until you for sure want them out.Have a walk through of their apartment and note any damages.

As we began to print more money, interests rate decrease and more liquidity is introduced through legislated stimulus packages, people will have more money and rents as well as property values will increase.

It's best to stay away from this, except where a path to both meeting code and legalization may exist (for example, California's ADU legislation under which unpermitted garage conversions, units permitted as rec rooms, unpermitted additions, etc can become legal residential units once building code and some limited zoning requirements are met).The tricky part is to understand when zoning and building codes interact, i.e. when required renovations to bring a property up to code trigger the loss of legal nonconforming status.

That right is usually held by the legislative branch exclusively.

So there is something to be said for Paying off a mortgage, Oh sure I could parlay these properties into another 6-8 more rentals and have more income perhaps but then I would have 15 mortgages, would have to hire a property manager, most likely evict hardworking people in these uncertain times and have a lot of sleepless nights.

I think this ties back to the strength of this community and all the resources that help aid investors during uncertain times.