Builders are slowing because people rightfully are questioning building at today's interest rates and the unknown of next year, we have experienced our first normal first 4 months in 5 years and people are scared because they never experienced normal (it is the slow season and Easter was early curtailing spring break). 

The lender is harmed by a changed risk profile when he must now deal with an unknown owner whose interest you have actively concealed.

There are so many unknown-unknowns and, unless you have a very experienced mentor willing to walk you through it, I don't think it's worth the risk for a rookie to take on self management.

Municipal code laws can change from city to city and it's unknown if Mt.

It really throws another unknown into this crazy time... 

The unknown is, will they survive?

Capex is for known-unknowns.

And be care of taking advice from someone who has something to gain from you.I don’t understand how you can run any numbers if the occupation rate is a big unknown.

The second property had very few unknowns after learning most things with the first property.Before you identify your market, have you already identified your goals? 

@Stone Zhou, exact details are unknown, but they do the usual background and credit checks, I'm guessing there's probably minimum income requirements as per usual.