We started operations on March 6, 2018 with the long-term economic goal of exceeding the financial returns of relevant benchmarks through investments in real estate; we feel cautiously optimistic about the future of this business.

Be cautious with as you say a tired landlord and tenant in place, likely the tenant is not paying.Things you can do with tenant in place: curbside appeal, paint exterior~~ what does it need?

Street parking is not an option.Second, I am comfortable with traveling nurses as I feel there is a certain amount of safety with that profession, but I work as a firefighter and am gone for 2-4 days at a time and am cautious about who will be on the property with my wife and children.

If your income isn't high enough or you're limited with your PALs or limited suspended passive activity loss, it might not be the best move.If you're not saving at least 2X the cost of the study (I'm talking about cash savings, not just depreciation), then it might not be worth it.Be cautious with 1031 exchanges.

If the seller sends the buyer a contract and the buyer signs this contract without making any changes, the contract is accepted by both parties.While it's understandable to rely on information given by professionals, it's important to be cautious with legal matters like real estate contracts.

I'm still very cautious and he's treated just like any other tenant.

So I'm starting to be cautious already.  

This just means there is going to be some great opportunities in those areas but also be cautious as defaulted comps will also have an impact on a perfectly run asset.

Hi @James Gleeson , just going with the information you provided and without know too much about the deal and the location I would lean towards being cautious.

Right now we're being more cautious about underwriting because rents are adjusting down over the last two months especially.