Not to take anything away from you, but you know the prices of real estate (especially in NY), so I know it may not seem like much, but I think you've overcome the most difficult obstacle and that is going from 0-1.The way I see NY is that it does not meet any basic requirements for investing: it has low cap rates, high taxes, stagnant or decreasing population, anti-landlord laws/sentiment, rules & regulations etc, etc.

For example, if you invested with a sponsor that withheld distributions, did your confidence in that sponsor increase because you thought they were taking the necessary precautions to protect your investment, or did your confidence in that sponsor decrease because you thought they did not plan for enough reserves?

From 2010 to 2019 the population in Bloomington Indiana increased by 6.8%, but from 2019 to 2020 the population in Bloomington decreased by 5.8%.

It seems to me as you add properties that are cash flow neutral, your Debt / Income ratio will continue to go up and up, even though your ability to pay will not decrease. 

There may very well be a decrease in demand for property in large metropolitan areas and possibly even some big changes in financing availability depending how the rest of this pandemic response goes.  

@Meaghan SimonichThe different pain points vary from commercial type.Retail- Depending on if it essential, a lot of retailers are begging for rent decreases or can't pay at all right now, and for retailers that do not have a internet presence, it is making it tougher to compete.Self Storage- Keeping the site updated -security, more automated features for tenants (Pay by app/kiosk, automatic gates, maybe more amenities on site (wash station, air hoses, etc.)Industrial- Longer lead time to find good tenant.I wish I could comment more on some of the additional commercial classes, but these are the only ones I have experience with.

Simultaneously, the number of homes sold increased by 7.7%, while the number of properties for sale decreased by 2.0%."

You have good grounds, the market can back you up in your justification for price decrease 

So here we are with the Fed continuing to raise rates to destroy "demand" (yes to create job losses) and if they stay the course, we could see rents decrease as fewer people are able to afford the rent, which would increase supply.

If you raise the death benefit, you will increase the internal costs and the ratio will decrease.