We want our tenants to succeed long term, and we see this strategy as one of the ways to keep our tenants' lights on.

Thanks for the warning, will notate this.

I think it was more of a warning of what could happen, not what will happen.

Hoping its not that bad.. but the PM is warning owners. this is B class 1100 a door apartments.

California Governor has said that banks including JP Morgan, Wells Fargo, Citi and others have agreed to waive mortgage payments for 90 days in light of the virus' impact on individuals.

You are way more experience in this so just hope you can shed some light.  

But I have a handyman who will do 50% of the rehab (light cosmeticupdate), and so I'll need to supervise him closely.It seems like thebest person for this job is somebody with a keen eye on spotting issues withconstruction work and be willing to come to the house one or two times week.These are great criteria, I'll reach out to my agent and property manager forreferrals.

Thanks for catching my mistake in including the wrong rates and terms for the HML.Assumption used for calc:  in light of current state of affairs, though I have spoken to several HM lenders, I cannot get a quote as operations are on hold. 

My fiancé and I previewed the property determined it needed light rehab, flooring and paint, ran the numbers, and they worked for us.

In light of what's going on in the world though I am considering purchasing a home to live in.