I would choose Phoenix because it is closer to home, the appreciation potential is very real, the cash flow is solid, the trends are extremely favorable, the operating expenses are lower (insurance, taxes, repairs & maintenance, etc.), and it is a hot market in many investors' eyes which should make your exit easier. 

I live in Redondo but have a fourplex in Long Beach where numbers are more favorable to investors (as are rent control laws).

Yes some states have slightly more favorable LLC laws (no annual fees or certifications, less stringent physical office requirements, service laws, etc), but I generally think the logistical headaches of maintaining a foreign LLC just aren't worth the slight procedural favorability.

Could anyone do me a favor...Tell me what you all think about this place.

The only joker is timing the closing of the sales so that your replacement purchase can fall within both timelines of the 1031s for the condos.One factor that is in your favor here is that LOIs for purchase of larger commercial and MF assets generally have a longer time line with several off ramps allowing you to get out of the contract. 

I offered shortly after it was posted which worked in my favor.

Numbers on the BP calculators seem favorable, but it could be my naivety showing. 

So he immediately passed judgment in favor of the plaintiff, and the tenant was given 10 days to move out.

(Sorry if this sounds complicated, your CPA will understand if you hint this) Stock Transactions: If you don’t follow the strategy stated below, you will be paying taxes at 40.8% rather than the tax-favored rate of 23.8%.Sell stocks where you offset short-term gains subject to a high tax rate such as 40.8% with the long-term losses (up to 23.8%).

I felt my stomach churn with acid as I heard him say it would take many months and a large retainer for him to take this through all the steps, and then if she fought it the court might rule in her favor.