Remember  just because the market conditions are getting “worse” doesn’t give you the ability to renegotiate.  

My owners trust that I will do my job to the best of my ability as long as I can.

Thankfully, we have unbelievable technology and the ability for even entertainers to work remotely.  

I'd like to flip houses because one of my creative outlets is in music production, and just like home restoration, it gives me the ability to create something out of what appears to not have value, and by doing so providing a service to others.

Has there been any discussion here yet about governments potentially ceasing ability to collect rent for a certain time frame during this Covid pandemic.

I think the next couple weeks will be telling as far as our borrowers and their willingness and/or ability to keep paying. 

Can you trust, and I mean REALLY trust, their estimates and ability to deliver?

Notable driving forces on that are ability to repay due to unemployment and other direct affects of the pandemic and extension risk. 

For a value-add play it is still important, but typically not going to be breaking the budget quite as much, especially if you have the ability to raise rents reasonably significantly.Also, out of curiosity, does that NOI have built in on going reserves?

You need this itemized list anyways to send back with their security deposit, or lack there of.The list and any remaining security deposit, or a bill with payment instructions gets sent to them via certified mail, so you have a record of them signing for it.