Each investor has their own way of determining the value of the underlying collateral and values have taken a big hit all over the nation.

There are some excellent areas within metro Detroit but every neighboring community is labeled "Detroit" by the national media.The local government has been completely overhauled, so it will be intersting to see if there's a shift in their practices.

They are short term loans…if needing long term, look into non QM which also doesn’t need a tax return, and most DSCR do not either…there are several national large companies that will do most or all 50 states, fairly easy to find and a good subject to research.  

I would think this issue will go both ways - it will liberalize the thinking of some people, on things like national health care and safety net programs - while other people will become much more tight-fisted with their money.

This is a great place to learn and to meet people so take advantage of all the great resources.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersBest of luck here at BP Nation.

It's a national trend, and it's only going to get more difficult.

Definitely vinyl.Did you use a local contractor or a chain/national vendor?

Hi Savannah real estate investors, I'm a real estate attorney and investor based in Southern California with properties in several locations around the nation.  

They would know better than most of us from all over the nation as to what its potential is.  

Apartment Industry Statement on Trump Administration Executive Order to Rescind or Temporarily Waive RegulationsThe National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded or temporarily waived to encourage economic growth and recovery from the effects of COVID-19.