I understand leaseholds is basically temporary ownership of the unit but not the land itself and based on how many years is left on the lease.

You might see some decreased expenses following the reno, but $20k isn't a ton of money.

@Michael Noto I was thinking of making it a temporary provision while our state is on stay home order.

Unique opportunity for new investors to identify great deals to house hack, even better opportunity to set up alerts on properties in areas to know when(if) prices begin to decrease in areas as the financial situation for most Americans deteriorates. 

Things have decreased, but still moving 

Have rental property interest rates gone done since the federal was decreased?

“The severe decrease in restaurant traffic has severely decreased our cash flow and inflicted a tremendous financial blow to our business,” CEO David Overton wrote to landlords in a letter obtained by the Eater website.I look forward to Heather Frusco denouncing Cheesecake Factory as being run by thieves.

As of 3.25.2020 less than 1% of our tenants have reached out to our firm about potential interruption in rental payments.Our number of inquiries from potential tenants has decreased only 20%This may because people realize that living in a small apartment is less desirable during a shelter-in-place situation.Many of the professions our tenants have are in the fields that have the strongest demands now. i.e.

Thanks for the insight @Jaysen Medhurst My reasoning for putting 50% cash down at initial purchase, was to decrease the amount of hard money loan (not traditional mortgage) I would need upfront.   

Having recessed lighting installed and ceiling fans installed in each room brought appraiser higher in his evaluation, "I see your going to make this a better home" The home ultimately appraised for 430,000.00 and given the market read here on Long Island it looks like I just got it in before appraisal wills start decreasing.