Turned out previous owner could not take the tub out thru the doors,  so he cut the floor and dropped the tub downThinking put a mattress next to the tub and start renting out for cheap .....

Purchase a cheap moisture meter and see what the moisture content is on the dis-colored areas and compare to the non dis-colored areas.I have had this problem before when the tenant did not run the AC (trying to save on electric bill) and when buying a house that had beed closed up for a long period of time.Do not use bleach.  

Be really careful as there are buildings in the ala moana and waikiki areas that look "cheap" for a reason, such as serious construction defects.

Is the only thing going for these the cheap price? 

I live in Simi Valley - about 40 minutes NW of Los Angeles, so real estate isn't cheap around here.I'm a new member, and have listened to about half the podcasts.

Still, nothing a spray rig, masking tape, and a few buckets of kilz probably can't fix on the cheap. 

Took 8+ hours to move since they wrapped everything (even though I didn't care for a lot of our cheap stuff and asked them not to worry).

Healthcare is not cheap nor are the day to day living expenses for two retirees in their 60’s.

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This required serious frugality but you do what you have to.Some areas where the houses are cheap the counties aren't collecting taxes on a lot of houses so they  need to charge higher rates, rates that are not proportionate with the price of the house.