So factor in -6% on your market rents on top of what is sure to be at least a doubling of bad debt, delinquencies, etc... 

Property is on a double lot.so cash flow and equity on the back end

There's complex stuff like single pane to double pane window replacement you always want to get the pro's for initially, or structural reinforcement if you're knocking down walls etc.

This budget could easily double, as it excludes electrical specifics among other things.

They sign the listing agreement and the next call is to the QI to explain how.For a realtor nothing is sweeter than the double commission of sale and purchase from a well executed 1031!!

I have since asked her to double check that comment of not being able to back out due to a poor inspection report but waiting to hear.Comments?

For the time being, I'm advising everyone I work with to at least double all timelines for holds and refinances. 

I would double check the numbers because something doesn't add up.  

But, I believe urban areas, like Minneapolis/Saint Paul where I am, will see a large temporary loss of STR inventory, and most of that loss will be from the bottom of the barrel, because they aren't profitable enough to justify the risk, but the highest performing STRs will of course stick around, because they're doubling or tripling income from LTR.I also own a duplex in Rochester, MN a few blocks from Mayo Clinic, that I'll be putting half of onto airbnb when it's done (I wish it was ready so I could help some healthcare folks out).I think it's like most industries though, the most robust and efficient businesses will withstand this crisis, while the weaker, unfortunately, might not.Just to predict, I think across the airbnb platform we'll see a temporary (maybe up to a year after the crisis comes to an end) drop of inventory around 10-15%, but I think bookings will drop by less than that amount (after the quarantines stop).

All that being said if the price is 85k and you did your due diligence as far as double checking the projected market rents after rehab I’d say jump on it... quickly Good luck man keep us posted.