If these are legitimate repairs, there might be several more on the horizon. 

The 6 cap could be in an equally dangerous neighborhood, but it's close by to lots of businesses, shopping, or a university and demands increasing rents each year.Cap rate is not necessarily the best gating or threshold metric to use when determining if a property should be a target of acquisition -- the cap rate ultimately serves as a yield measure based on assumptions such as a one year time horizon and cash purchase, which allows it to be calculated as a direct capitalization.

Yes people buying TVs with their stimulus checks made news headlines, but with no end to Covid in sight and future economic closures on the horizon, many consumers are weary and hoarding cash.

While many here have anecdotally reported that they are collecting rents at above 90-95% since April, I wonder if there is a potential problem on the horizon.  

His plan is to just have the equivalent of cash on hand so that we can do some deals together over the next few years, especially as there is a looming recession on the horizon, his belief is that cash will be King.  

People might have a short term horizon and mortgage could be a real drag and not everyone wants to be an accidental landlord.

Standard & Poor's releases quarterly reports talking about possible downgrades with a company on the horizon.

Is a BiggerPockets mobile app on the horizon In the near future? 

Hard to know the future, but I'm assuming at least a 5 year time horizon for staying in NY at least.

There are sound investments all over the horizon - undervalued real estate and stocks, real estate and stocks with growth potential.