Current Rent RollCopies of all leases including rate, security deposit, lease terms, unit number, start and end dateNotices of 30-day rental increases (under rent control can only be raised 3-5% per year). 3% if tenants pay their own utilities, rents can be raised 1% if the landlord pays for gas, and 1% if the landlord pays for electric.

Coronavirus and Market InstabilityMany of you are aware that I work at the Centers for Disease Control (CDC), and I invest in the large (100+ unit) multifamily space.

Our mortgage clearly states that we must occupy within 60 days for one year unless the lender decides that undue hardship or extenuating circumstances beyond the borrower's control exist.

He would tell you the sky is pink if he thought it would get you closer to signing on the dotted line.If I were you, I would put my money back in my pocket, forget about getting my start in investing and taking my shot at building a rental empire until the pandemic is under control, new cases are going down each day, drastic new actions on the local, state, and federal level stop being taken every day.

Most first time operators do not build new, they purchase existing facilities unless they have previous real estate development experience and understand the risks.With regard to vacant land that you control. 

We’ve got a cash cushion in the bank, cash flowing assets that will more than cover our lifestyle and the mindset to control only what it is that we can control.

I don't think (and my opinion should be taken with an enormous grain of salt) negative rates will happen unless this whole thing really spins out of control.

Admittedly it's kind of bogus but as an agent you can't control it unless you personally eat it.

or any other event that is outside of you and the seller's control.

You got to be very precise in this environment and have reserves.