The same is going to be the case in Lowell....increased risk from tenant base as well as economic sensitivity.  

Could it be that lenders in my area are overly sensitive and reluctant to do these types of loans since it was one of the hardest hit during the recession?

How does each side safeguard itself for the life of the contract?

Avoid increasing, and if possible reduce, your exposure to these financial risks.For example, you'll want to avoid becoming a cosigner on a loan, taking out an adjustable-rate mortgage, and taking on new debt all of which can increase your financial risk during a recession.If you're an employee, you'll want to do everything you can to safeguard your job, such as performing top-notch work and improving your productivity.If you're a business owner, you might need to postpone spending on capital improvements and taking on new debt until the recovery has begun.

Assume those are not reinvested (but in 2 years you could potentially buy another) and after five years you have $60,000 gain from real estate compared to the market.Anytime you add leverage the yields become a lot more sensitive (gains and losses are significantly effected overall).Therefore you should look at it from two perspectives, if you are confident in the market, then for real estate, in order for it to outperform the market you would be looking at either 1.

One is an Amazon microphone that sits in front of my keyboard and it is so sensitive it can hear conversations on my phone with my phone speaker off, but since I am 71-years old, 100% deaf in one ear and 50% deaf in the other ear, I always turn my speakers on when talking on my cell phone and my cameras and microphones pick up every conversation.

@Mike Dymski I don't understand why more sponsors don't include an exit cap sensitivity table with a range of beyond worst case scenario to best case scenario.

You also have electronics which are more sensitive to electrical issues.  

Multi-millions of real estate profits get lost because someone screws up a contract or forgets to forward some information in a critical, time-sensitive deal. 

You can also use skip trace to find relatives but probate is a sensitive situation so I would only do this after some time passed and the probate was still not open or if my mail got returned from the subject address.