Also, there's the possibility of getting another wave of another COVID strain hitting us, and with my limited ability to find local banks to refi the property (and since this is a loan under $1 million, small community banks are the only ones that will lend), I don't want to lose the opportunity to refi now before that window possibly closes as it did 8 months ago.I hope that answers the why.

This ordinance will just make it that much tougher to take a second chance on a tenant, and we will all tighten up our screening further making it that much harder for tenants who need that second chance.

I personally am tightening my credit criteria, and I am looking for stronger income in tenants.

Within a few days of COVID our lender let us know that requirements tightened up a bit. 

I definitely think that if you’re finding a lot of deals that are cash flowing on paper retail right off the shelf, in this frothy market, it may be time to tighten up your underwriting a bit as I don’t understand why these deals aren’t getting snatched up.

If you have a wife, girlfriend, significant other, or someone else that has influence on your plan, then BOTH of you need to be on the same plan.If you two are not then your plan and relationship could be strained beyond capacity.I would suggest you and girlfriend work out your together plan and both buy in to the same plan because this game could easily lead you down the path of pointing fingers at each other and ruining your relationship.Once you settle that then I believe you will have a better base to begin.My point is don't get into something together and then say my girlfriend doesn't want to do something.If you are together then it has to be WE or it will put undue stress on an already stressful situation.My 2 cents.Life can teach you alot (49 years old, property investor, married 27 years, father of kids your age)Good luck!!!

Plus with all the uncertainty around the pandemic I would think they might tighten their rules around lending.

And, in the places where they aren't, you run the risk that regulations with tighten after you have invested.

You always want to tighten up your current investments so you know you can rely on that cash flow and then look into the next one.

The inflation itself gives the appearance that people make more money but inflation also means the value of money is going down.Yes, you would collect normally more money but it would buy you less stuff.Part of the reason I believe that inflation will make it harder for areas that are currently not cash flowing is that I believe the FED will step in to manage price increases by tightening lending and increasing rates.It would be cool if rates were to remain as low as they are while inflation leads to increases in rents and prices for houses.