Hi As our company grows we're setting it up to be sustainable.

Obviously these apartments won’t be the newest and hottest, are they able to sustain the much higher rents they charge?

@William Merone that is a structure you could work with less sophisticated investors, but that is not likely to be a sustainable model.

My wife and I were basically living off the account's interest last year but knew that if and when the market went south we'd start to eat into principle which was not sustainable. 

The main problem is sustaining rent when the market crashes... its the expensive rentals that become vacant (or significantly drop rent). 

I’m just stuck with how to make it sustainable and consistent as opposed to the “pick up a deal here and there to add to the portfolio.”

Here's a look at the numbers outlining the sustaining performance of the property: Monthly rent: $950PM fee: 9%Mortgage amount (taxes/insurance escrowed): $535Reserve for expenses: 15% = $142.50 (a little lower than usual since we took care of all cap ex items in the rehab)Total monthly/annual cash flow: $187/$2,244Annual ROI: 18.13% We had some private investors in on this deal as well, and while we were not able to give them the bonus this time around we still gave a solid 10% guaranteed APR (~3% cash-on-cash over the 3.5 months of this project).

In a democratic process, I accept that.I have enough properties now to sustain myself, so my next plan is to stand up a full service turn key rental business here.

We own 1 mixed use building (2/3 commercial 1/3 residential) and one of our tenants told us 2 days ago that she can't sustain her business any longer.

Please also let us know if you are not satisfied with the information and amount of communication we are providing.Timeline of Executive Orders issued by Michigan Governor WhitmerMarch 10, 2020 Executive Order 2020-04: no end date.Declared a state of emergency across the state of Michigan until the COVID-19 threat resolved.March 10, 2020 Executive Order 2020-19 end date of April 17, 2020.Temporary suspension of all court ordered hearings & evictions for nonpayment of rent.March 23, 2020 Executive Order 2020-21 end date of April 13, 2020.Temporary suspension of all activities not necessary to sustain or protect life (includes real estate related).April 7, 2020 Executive Order 2020-42 end date of April 30, 2020.Extension of temporary suspension of all activities not necessary to sustain or protect life (includes real estate related).April 24, 2020 Executive Order 2020-59 end date of May 15, 2020.Extension of temporary suspension of all activities not necessary to sustain or protect life (includes real estate related).May 1, 2020 Executive Order 2020-67 end date May 28, 2020.Declared a state of emergency across the state of Michigan until the COVID-19 threat resolved.May 1, 2020 Executive Order 2020-70 end date May 15, 2020.Clarifies temporary suspension of all activities not necessary to sustain or protect life (includes real estate related).May 15, 2020 Executive Order 2020-85 end date June 11, 2020.Clarifies temporary suspension of all activities not necessary to sustain or protect life (includes real estate related).Click here for a list of all Executive Orders issued by Michigan Governor Whitmer