This is a bit facetious, but I like to consider the Twin Cities an ultra-long-term investment in that it's a healthy, active population with a terrific quality of life that will be a very attractive relocation target to potential climate change refugees relocating from the coasts and the south in 50-100 years.

We are very excited as we plan to plan to make major multifamily purchases end of this year or 2021 as we believe there will be a price reset.Most importantly everyone stay safe and healthy.

@Stephen WattFrom what I've learned, the easiest way to prepare yourself is by not having to worry about it in the first place - AKA minimize your risk and buy smart.Secondly and equally imperatively (especially when it's hard to do the first one,) you basically said it, have healthy reserves - and those reserves can't just be two weeks of operating costs with a smidge of vacancy thrown in.

This has a lot of banks desperately trying to restructure their books in order to stay healthy, but it doesn't take too many multi-million dollars loans to go south and hurt your bottom line. 215 banks have closed this year alone if that gives you an idea.

Rental prices are very healthy in Northern NJ given quick and e-z access into NYC. 

Probably the most important consideration is a financially healthy HOA and making sure the complex isn't near their rental cap (limit on the number of units that can be rentals).BUT -- the 1% rule is a bigger pockets metric, and really applies to $50-100k homes in the midwest.

Currently, the opportunity is to buy small capes (1000-1500sq ft) that have not been renovated in decades, add foundation, second floor, open floor plans, current accessories, appliances and flip them for a healthy profit.

I don’t believe that the high school education is the most important thing in your life right now, but I do believe it would be healthy for you to do the mundane while pursuing your ambitious passions.

I'd like a healthy and solid team, so I'll focus on building that first.

To me, that's a good indication of healthy rental business.