I also generally allow a 5% vacancy and 7% maintenance reserve or soft cost in my calculations for ROI.

Walk softly on this deal, and remember, when in doubt, disclose disclose disclose.

For that reason you also want proper venting in an attic which means under soft vents and roof vents to keep air flow.

And typically speaking the correction back to equilibrium doesn’t result in a soft landing, rather an over correction which results in cycles.

This PM has those fees regardless the price.My properties are at market rates(I did spruce them up with some fresh items-paint/hardware as I increased the tenant's monthly rate this last year :)  Maybe that shows my soft side but it softened the blowAgain, my worry is about possible legislation being put in place because of fees such as these.I am also not hating on PMs  They do provide a valuable service and when I finally do fully retire will be utilizing that service--although the old saying "No one cares for your property as well as you" creeps in my mind.Again, Thank you all for the discussion and making me think..."

The policy is equally good for lenders.What we are going to see is a soft market. 

When real estate is soft, the buyer typically has the upper hand.

Have to wait those out 3 to 6 months to get through rent abatements/deferrals and see how long it takes businesses to get back up to close to full steam.Right now even with soft re-open the sit down restaurants might be at 30 to 50% capacity.

@Christopher Hunter Are you looking at the soft costs, like vacancy, repairs and capex.

The soft costs all go into a reserve fund, vacancy, repairs and capex.