I personally do not put a lot of stock in a Day 1 cash flow number provided you have the means to carry the investment through a dry period. 

The roof of one of our buildings is basically slowly collapsing from rain and rot and his response is to say "let it fall and then we'll worry about it."  

I looked at a bunch of crumbling row-houses in Baltimore today, and many of them had crumbling and cracked brick, rotted foundation, water damage and squishy floors about to give in, and signs at the door saying the place needs to be rehabbed or boarded within 30 days because of code violation.For a typical row-house that's 12 feet wide and 3 floors in Baltimore city, how would it typically cost1A.

“Every Oregonian deserves a warm, safe, dry place to call home,” said Governor Brown said on Monday.

It has been a functioning ADU for 6 years and there were no modifications to the exterior and only a gas line added for a stove and dry walling up and doorway in the interior.

Note: the large rotted tree stump in the backyard near thehouse has active infestations of wood boring beetles.

Here it is keeping basements dry so don't worry wherever you go it will be something.

Has this dried up since COVID?  

Before Covid we were there about 5 months a year split between winter and summer in the dry seasons.  

Financing dries up in a crash.Even in March when this all started, many stop lending...some even closed down.