.- Additional subfloor (wood) and cement board (floor) $100- Shower cement board $75- Waterproofing Membrane (I like to do this) $150- Shower wall tile (80-90 SF) $150- Flooring tile (30-40 SF) $100- Tile setting and grout $75- Vanity with top and mirror (24" it looks) $250- Toilet, wax ring and feed line $100- Faucet, feed lines and trap $75- Trim $25- Accessories $40- Fan/light $150- Vanity Light $50- *Shower diverter valve with trim kit and plumber to install and help set tub/drain. $750- Screws, adhesives and fasteners (cement board screws, caulk, etc) $50- Paint $40- Miscellaneous $100TOTAL: $2530With all of that said these numbers would be my BASE run, and assuming I was spending my budget amount on each item.

Try: "sample lease" and "lease clauses"  .Modify anything you find so it is in compliance with the landlord-tenant laws for your jurisdiction.Also, don't forget about establishing property rules.

As a general rule this is usually a 30 day written notice and two months worth of rent by the tenant to "legally" break their lease. 

Even in residential I have found listed deals on the MLS for 50 cents on the dollar (though not today). 

Loan Amount                                                      Guarantee used $44,900 - LESS                                            50% of the loan amount $45,000 - $144,000                                   Minimum of $22,500 and Maximum of 40% up to $36,000Above $144,000                                        25% of the loan amount to a maximum of $104,250Example: If I purchased a property for $65,000 I would be using $22,750 (35%) of my basic entitlement leaving me with a remaining entitlement of $13,250 to obtain a loan on a second property.

The property must meet or exceed the 1% rule at purchase (rental income must be 1% or greater of the purchase price).2.  

@Tabitha Johnson @Michael Plante,  Nice work on your seller-financed deal Michael.  70% of the deals that I do have 50% or more seller financing involved.  

You're definitely motivating me to find my next 40-50 unit property here in CA.

     Another vote for never split the difference     Extreme ownership by Jocko Willink and Leif BabinRocket Fuel by Gino WickmanThou Shall Prosper by Lapin10X rule by Grant cordone7 Habits of highly successful people by Stephan Coveyany book by Patrick LencioniMillionaire success habits by Dean GrazioskiEntreleadership by Dave Ramsey

The building id imagine would be about 50-60k in its current condition but I'm not sure how I would want to pay for it.