Multis of 2-4 units will be treated as a residential property and so the acceptance of a loan will depend on your income/credit/etc.

OREO =  Other Real Estate Owned             its a banking term that most bankers never want to hear and quite prevalent in the GFC. and I had my fair share as a lender as well.. these are when you making originations that you expect to perform then they don't and you have to foreclose... when you buy a bad note or NPN not sure what you call the asset as you half expected to get it back.. half expected to turn your borrower around and or end up with the asset.

2) Avoid Misunderstandings - be up front and clear about every aspect and with every person - Do Make full disclosures, put it in writing, people have bad memories3) Avoid putting your (career) ladder up against the wrong wall and climbing it - Do think about what you want for an outcome and walk the steps backward on paper to outline how to get where and who you want to be

They'll consider you the big, bad faceless Landlord who's ridiculously wealthy and won't be hurt to replace a stove/refrigerator/furnace/etc.

$45k isn't too bad.

The LVT is easier to work with than brittle tile that may chip or crack when you try to shape it just right. .And if there are multiple tubs with the same base profile, it will go pretty quick once you have a template.It won't be that bad....don't overthink it.....With the "crown molding" look to the bottom of the white tub, there may be a slight flare/lip to the very base...probably not, but just a thought if you are trying to put a piece of quarter round up against it$2200/month for 1 bedroom units...... damn....that's coastal CA for ya.....

These "investor special" condos have bad rates, so the rental income from the tenant better make up for it!

I've owned in rent-controlled LA and it is terrible especially when a tenant abuses the system and knows what they're doing.Better Housing For Long Beach "BH4LB"http://www.BetterHousingForLongBeach.comSign up for their email list for LB rent control news.They're to push for rent control and just cause eviction [essentially you cannot evict someone without a real reason not just the current 60-day notice].Why Rent Control is bad for affordable housing:http://www.grassrootinstitute.org/2016/09/rent-con...http://www.gazettes.com/opinion/another_view/anoth...If you own anywhere in California this thing could spread, so it's best to stop it now in Long Beach.Call your local representatives and city council and get the word out.

Yep, there should be consequences for treating you this way @Burt L.   

I'm a little late to the party, but I'm wondering if it is a bad time to start investing?