(And I’d also caution, at some point supply/demand will tilt back in the other direction so be careful about “rents could be higher” properties.)As far as price increases, I think it’s followed the overall market in terms of rising since around 2012 or so.

Over the past few years this was relatively easy to do as the market kept rising more and more.

Although it will probably be out of my budget range as a beginner investor, I'll do what needs to be done to come up with the funds as I am confident that after it is renovated I will have built a considerable amount of equity in it.

With the mortgage default rate expected to rise to 50% - interest rates are increasing daily.

There is no consideration for private property rights reflected in there.

After further consideration, I am now thinking that I should use the $40k to buy 1-2 rental properties, and then use the cash flow to pay for the monthly payments on the Cybertruck.

you guys have to realize you should work with tenants,because if this last along time like 2008 ,you will realize what i mean.sure everyone should be able pay their rent with their stimulas checks.sure you might have to workout payment plans to they get them.but after that it might get rough ,if the goverment does not get people back to work.what choice to you have,a tenant you know,or a complete stranger without a job.alot of you where not around in 2000 and 2008.this market could get real bad.like now if you advertise a place you get a good responce to look at it.in 2008 you would advertise and hardly anybody would respond and if they did they wanted 1 or 2 months free rent.i would prefer to work with tenants now,and i can already  know which tenants its going to be.it will be the 10% of tenants you always have to remind to pay.90% of your tenants will find a way to pay.we  all know they signed a contract to pay,just be nice if they work with you,maybe stop late fees or reduce them.but to forgive the rent is another story,unless the goverment forgives our taxes.you got to realize now you should be in survival mold,for i can tell you if you make it threw their should be sunshine at the other end.because most new building is coming to a halt,most remodeling coming to halt ,most family being home more ,which maybe creates larger family,and when this done most banks will have even more tougher standards for a loan ,like 6 months reserve for a borrower.so down the road rents will rise probably more then before this crisis.so just hang in their and develop a plan you your situation.so look as this as a bump in the road.and if you live in wisconsin ,you should know by the amount of potholes we have

The longer the recession lasts, the more I would try to incline to buy at the bottom before the rise. 

Bad debt and concessions are the big unknown, but what is most likely is both will rise in the near term. 

I would have to agree you are going to have a tough time cash flowing on those 3 high rise properties you have listed.