He had performed virtually no underwriting.  

In fact i will speculate the opposite as i believe virtually any investor who has held investment RE since the great recession highly values appreciation.

Virtual staging would help, pictures of the parking lot would help as well.

These loan types allow you to do up to 90% of the purchase price and 100% of the renovations financed as long as you meet experience, credit, and LTC/ LTARV requirements based on an appraisal or virtual inspection.

This was a poorly timed purchase at full retail so it likely is worse than virtually every other San Diego RE investor’s monthly appreciation. 

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I suspect I spend more for the umbrella policy than virtually everyone.  

Virtually anyone lending HM in 07 to 09 had a lot of bad debt.

A lifelong friend and I are motivated to (virtually) meet and connect with those in REI working in the Pittsburgh area.I'm active duty military and living in California with two rental properties (one in Virginia Beach & one in Pittsburgh) and my close friend owns a single family in Baltimore.  

I think the short term effect on rents is virtually zero - illegal immigrants usually live multiple numbers to a home, rather than everyone having their own space like Americans - but longer term there may be some softness at the bottom levels of rentals. i would be more concerned about the lower economic job market than I would be about rental housing.