If you order laminate it is almost as much as entry level stone, at that point I'd go with stone. 

Negotiations focused on a win-win approach, securing the property at $197,000, aligning with market value, while setting us up for a profitable resale with a trusted buyer on the same day.

I am going to try and answer this question with a fair amount of grace, so please bear with me.As to the original question, here's a rough idea of my thought process regarding a potential purchase:The hospital is a Level II trauma center with 390 beds (that's a decent-sized hospital), so it probably needs a fair number of travelers.

AB1482 states that "single-family homes/condos (residential real property that is alienable separate from the title to any other dwelling unit) are exempt from AB 1482 if (1) the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation and (2) the owner provides the tenant with a written notice of the exemption"The part that is confusing is "...a corporation, or a limited liability company in which at least one member is a corporation."

I did look into them though a bit and I came to the conclusion that I would rather just do a 1031 into a Delaware statutory trust (DST). 

In the short term, I aim to replace my monthly income from my current entry-level job, I dont make a ton of money so this shouldn't be too difficult.

There's options here for all budgets and experience levels. 

Here's a summary of the reasons: With inflation now in the 2% range, the Fed needs to lower interest rates from their current "restrictive level" (Powell's words) to prevent a recession.

I did not dive into your numbers extensively, but 1.9% CoC return is not nearly enough for me.Good for you for not trusting the seller’s rent estimates!

Since you need to make some improvements to get the rents to market levels, it could make sense for you to inform all of the tenants you will not be renewing their leases so you can fix all of the units at once and then get them rented.