If you’re the smartest person in the room, then you’re in the wrong damn room........

That would include all of your outstanding monthly payments that show up on your credit report, including a proposed housing payment versus your total income.

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.....

trust me a year or more will go by while you are paying your student loans off and you will think to yourself "damn I wish I would have bought that 4-plex 2 years ago".

.,.....assuming you can get at least a 90K  heloc - you can then  use  whatever amount of advances  you need   for  * down payment on rental * rehabbing  etc even though the heloc rate will be higher than the rate you can get on a cash out refinance - the outstanding balance that will be on the heloc  is realtively small  and thus  this rate  concern isn't that large

@Jo Zhou there have been some outstanding suggestions about senior services and veterans agencies providing resources or funds.

The returns are outstanding.  

Everything looks good financially, however I've not sure what I should look for or how to protect myself from, any possible outstanding taxes or other liabilities that might be hiding out there on the subject acquisition LLC.

And this is why you NEVER talk to your neighbors and just rent your damn place.

@Logan Allec provided an outstanding explanation, and @Basit Siddiqi added couple good points.I just want to frame the bigger picture: the new law does NOT hurt ("hose", using your word) people who receive 1099-G for prior overpayment.