That way you eliminate the need for a 2nd lien Heloc and only have (1) mortgage.

And for that end phase, yes, that's where debt elimination is awesome.

Alternatively, you may need to factor in a larger repair budget to address the vacancy issue, effectively eliminating the risk. 

Definitely could be a factor but I don't think Redfin and Zillow eliminate agency any time in the near future.

It doesn't eliminate the risk but at least anticipates the scenario.   

A sale pursuant to this chapter shall not nullify, eliminate, or reduce the amount of a foreclosure judgment pursuant to Part 14 (commencing with Section 8830) of Division 10 of the Streets and Highways Code.

Thus, we are eliminating 3 Term Policies, keeping 1.

In general, it is preferable to reduce or eliminate debt that is not producing cashflow before investing so your personal balance sheet shows more assets than liabilities.It sounds like you are in a great position being a year away from paying off your vehicle and student loans.

Additionally, if you choose to occupy your rental property, and need to get tenants to move out, you'll likely need to Ellis Act the property which you'll need to pay tenants upwards of $35k+ per person to relocate and will eliminate your ability to use it as a rental for up to 10 years.

We learned that minimal repairs and cleanup can yield significant returns, eliminating the need for complex renovations.