.) : )Feel free to skip to the end of my post for a quick summary of my question.I run my own business in creative services so I have to fit my REI into the spaces when I have down time so it's a bit slow-going. 

As an example, our downtime for our 2 cabins in Western NC was April to Mid-May. 

It would just cost him a lot of down time. 

i know there is a hit for taking out during a downtime in the market so looking at about 6.5% down on the year to date. 

If you want a commitment to budget and I need subcontractors numbers to do it you need a deposit down. Time

My biggest focus is being able to retain tenants, because as you mentioned, downtime between tenants will prove to be my biggest expense.

It could mean significant downtime which Proper also covers in it's policy.

Now that I'm back on track, I'm going to use my down time (I live in a city that's still locked down) to read my 5 Bigger Pockets books that just came in the mail.

I've been reading, listening, and watching- basically any down time is split between these. 

A few times we realized that the property wasn't up to par to warrant "market" rates, current tenants were too stable (30+ years) and we didn't want to risk the downtime + renovations, or sometimes just made minor increases for incumbent tenants.