Hi Everyone, So after countless hours of listening to podcasts, surfing these forums learning from you all, and reading tons of articles/books I am super pumped to finally be closing on my first property in about a week (house hacking a 4plex)!

Far too many ways to detail, but here are just a few:Fees: all kinds from what you may be charged on a checking account (a few dollars) to what IBs charge their corporate clients (tens of millions of dollars or more).Services: This includes everything from servicing your mortgage (large banks rarely, if ever hold these on their own books) to physical check processing to running the backbone of payment services that allows you to buy nearly anything anywhere with just a small piece of plastic you keep in your wallet.Money management: Whether for individual (i.e. very wealthy) clients or managed products like a mutual fund.And so, so many more ways.Will there be less income for the banks?

See below for an article on the impact of COVID-19 on STR. 

Here are just a few from a google search - but again this is no replacement for legal counsel: PM/Landlord liability over smoke free environment:https://changelabsolutions.org/sites/default/files/Legal-Options-for-Tenants_FINAL_20130205.pdfhttps://www.american-apartment-owners-association.org/property-management/latest-news/landlords-get-burned-smoking-policy/https://www.aoausa.com/magazine/can-a-tenant-sue-a-landlord-for-allowing-secondhand-smoke-by-dale-alberstone-esq/PM/Landlord responsibility over general safety: https://www.alllaw.com/articles/nolo/personal-injury/landlord-liable-tenant-injuries.htmlhttps://www.nolo.com/legal-encyclopedia/criminal-acts-activities-landlord-liability-faq.htmlhttps://www.enjuris.com/blog/questions/landlord-premises-liability/https://www.insurancejournal.com/magazines/mag-features/2010/11/01/160324.htmPM/Landlord responsibility specifically regarding firearms:https://realestate.usnews.com/real-estate/articles/what-limits-can-your-landlord-put-on-gun-possessionhttps://shiverhamilton.com/blog/can-i-sue-my-landlord-if-i-was-hurt-in-a-shooting-on-the-property/https://realestate.findlaw.com/landlord-tenant-law/faq-landlord-responsibilities-criminal-activities.htmlThese are a just a few of the various scenarios in which a PM or Landlord would be held liable.

Journal of Accountancy Article Today:In a press conference on Tuesday, Treasury Secretary Steven Mnuchin announced that individuals and corporations can delay their tax payments for 90 days due to the coronavirus pandemic.

The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…

For example, don't have any physical contact with people, have available (and use) hand sanitizer, keep a safe distance from people and allow them to walk around the property themselves (no need to follow along with them). 

But usually these people are brand new to San Francisco, thus I’m worried that they may not like the unit or the neighborhood, once they are physically there. 

And if you're interested in reading more on the topic, here's an article from Experian on this very subject: https://www.experian.com/blogs/ask-experian/does-filing-for-unemployment-affect-your-credit/

Physical inspection of the property (this is not a document — it’s just a reminder that you shouldalways request a physical inspection as part of your due diligence).Here are additional due diligence documents that may be included in your document requests:1.