There are so many microeconomic environments in this city it makes a different on ROI and the buy and hold strategy.

My intent is to close on, reposition and resale in 5-7 years a great value add opportunity well under cost of replacement in the area based on the following criteria:Units 70-120age range 1980-2005class B & C, workforce housingSouthern Austin MSA & Northeast San Antonio MSAI know it's a very competitive market and that there will be some challenges as we get through the current environment.

What type of work environment can I expect? 

This is not an all inclusive list but just some of the docs the lender requested. 

We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.more....To read full article,click link below:https://www.biggerpockets.com/...

I decided to slow things down given the uncertainty in the environment (COVID-19, etc.), but still wanted to be investing, so found a SFH down in Lancaster, OH, which is a town about 30 mins South of Columbus.

And, since I have your attention, and I know what the BP community always wants: cash out refinances are back to being broadly available, more or less, inclusive of rental properties. :)ANOTHER NOTE: In about a week, the last of the big wholesale lenders will be implementing the adverse market refinance fee.

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Real estate is a constantly evolving environment, the more you're on top of things and the more people you know, the better service you can provide.

I would just keep them as-is, it is a rough environment right now and you do not want to portray to be one of those landlords.