But I remained firm, yet calm and professional with him throughout.

In this instance, if one of the roommates leaves, it is the vacancy belongs to the remaining roommates.

Southern CA is highly likely to remain a desirable place to live so it seems like a fairly safe investment.

With upgrades we have planned to the units, that situation will only marginally improve over the next several years.Planned upgrades:New windows - $2500 x 17 = $42,500New HVAC & central air - $3000 x 9 = $27,000Interior upgrades to remaining 9 units - $3000 x 9 = $27,000TOTAL - $96,000This sounds daunting, but over the remaining 4 years of our 5 year plan equates to $24,000/year, or $2,000/mo., which is quite manageable.

Home prices have appreciated a lot, while rents have pretty much remained flat.

The remaining land has trees, a barn and some livestock.

Now I'm seeking larger units but remaining patient for an ideal prpspect!

The idea is to re-finance for a better rate by paying off the two and cash-out remaining equity available (no appraisal done recently).The broker is proposing an agreement of an approximate $700 non-refundable fee to me, and 1% commission of the loan amount (loan amount approx $700K). 

Whatever you decide, remain disciplined!

Now the baggage:The homeowner is telling me that previous people have had issues obtaining financing on it because one person owns seven of the remaining 10 units excluding hers and 2 others. that majority owner apparently has a very negative local reputation.