$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.

This doesn't seem that bad too me.

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

@Matthew Rembish, The bad news is that until 2018 he could have 1031d the land and building for other investment real estate and the FFE (furnishings fixtures, and equipment) for other business equipment. 

The only luck, if any, that exists in business is bad luck, all else depends on strict business practices......proper and thorough screening.

May be it is not that bad.

Ellen, this was a topic discussed on the recent podcast with the CPA speakers who wrote the book on Tax Strategies for RE Investors.