My goal is to find properties that cashflow within 2-3 years of purchase (upon owner move-out).My current pro forma (closing on a quad next week) I calculated 0 rent appreciation for 10 years due to the elevated uncertainty of the impact of covid.  

We have come up with elevations, site plans, architectural and engineering documents.

I am interested in buying a cabin in upper elevations of San Bernardino, I.e Big Bear or Arrowhead.

Had a flood plain go right through the corner of a property once and had to have an elevation survey to show the house was above that plain because it looked like on the map it could have touched the corner of the house.Good MLOs won't leave you hanging and wondering WTF is going on. 

Needs a new elevator which is fine.

I think it depends on the property.. you have a building with common elevator and close spaces the chance of spread through your building would be greater.. now you have a bunch of folks claiming covid and they stop paying you.. 

Elevations CU will go up to 90% LTV, so you could boost up your options.

I grew up around hurricanes so I am familiar with the need for higher elevation, flood insurance and such.

@Leslie L MeneusGet a soil test Check the elevation, utility connection and Verify city zoning

., parking lots, spalling, elevators, roof, etc) they will implement special assessments and these can be really high and last for years.