The owners had several animals so we had a horrific smell to deal with, but other than than it was a light cosmetic rehab after the deepest of deep cleans.

We started by cleaning out any evidence of animals and repaired the damage they had done to the trim and walls.

This “C-Class” neighborhood will have the highest demand and will be where most buyers can afford.Cash flowI would encourage you to get a property in a “C-Class” neighborhood where the cost to rent ratios tend to be better than in other class neighborhoods.

Those retailers just mentioned are getting a huge push from demanded product.

So whether you keep for rental for however long or decide to sell, it is the most desired type of housing and always has a strong demand.

You may be limited slightly by who would accept it, but I have never seen a drop in demand between my 1st floor and 2nd/3rd floor units that are all same 2 bed 1 bath configuration with same amenities and size.

Demand for clean, safe and well maintained rentals is strong and recent economic events will likely increase demand. 

I'd be able to walk away with around $80-90k after commissions, penalties etc. etc.I'm not sure if its a smart to walk away from a property that's always going to be in a in-demand market, but being able to start buying cash flow properties with that much cash on hand would likely give me a much better return on that equity? 

According to the email, CAA’s advocacy team has demanded that an extension of AB 3088 include: (1) dollars to reimburse rental property owners for unpaid rent; (2) a provision that tenants who can pay be forced to do so; (3) a provision that enables an owner to evict problem and nuisance residents; and(4) a prohibition on local governments adopting different local laws (preemption).Here's some more information directly from the email if you're interested:VoterVoice: COVID Relief Bill Should Protect Landlords Too

Also, depending on your area, a house with those attributes and size could be in demand a rent high so check your local rental rates to see how your cash flow would be.