The resiliency and patience displayed to close this deal is remarkable and clearly you had a plan to drive value.

Among other things, the plan would provide “financial assistance to help hard-working Americans buy or rent safe, quality housing.”The plan also calls for increasing supply via “investments in resilience, energy efficiency, and accessibility of homes.”

These are going to be cities that have the best:- Population Growth- Employment Growth- Wage GrowthFind the cities that are growing, and they will tend to be most resilient to an economic downturn.  

So my sound proofing is focused in the second floor/ceiling of the first floor.For soundproofing, I do the following;1) I am mindful to seal up all of the second floor subfloor penetration.2) I installed 3" thick mineral wool (Roxul or Rockwool) insulation between the floor joist directly above the sheet rock.3) I use resilient channel to hang the ceiling drywall, which is 5/8" thick (per code for fire barrier, but is a bonus for sound).The above does a good job at reducing sounds like TV's, radio's, talking, etc.  

The level of quality building on these properties, which has led to extraordinary resilience over the decades for them, is really something special.I also agree about the PM issue.

However, I am a little worried about the long term resilience of property prices and appreciation given its low elevation and susceptibility to flooding and rising sea levels.

This could lead to some areas that have been resilient for a long time due to the amazing job market around them taking a bit of a hit, and other areas that have other important criteria's such as great schools, walking score, etc. that could see an increase in value over the next 5-10 years.Something to think about, let me know all of you thoughts!

The Midwest is America's most climate resilient area: plenty of fresh water, no hurricanes, no fires, no floods, no triple digit summers.

Years later, I got back into RE investment and the lesson of reserves was a key requirement as I began to build a resilient portfolio. 

And the way my wife and I look at it is that the unforeseen expenses and stress was part of our "real estate education", which has made us better, smarter, and more resilient property owners and real estate investors.