I had only bought the property a few months prior and there was little furniture.

It was the price they wanted, $550,000, and the slow closing timeline we wanted, to get the lot confirmation plan approved by the city prior to closing.The plan was for RareBird to buy the property with cash first and then RareBird would sell me the duplex at a discount once the lots were confirmed.

And the notary could pre-fill out the notary certificates prior to the appointment with everything except their signature and stamp, provided they had enough time to do so prior to the appointment.

I have prior experience working in NYC for a couple of years, so I am not new to the business.

Here is what I did: 1) screened interested parties heavily prior to inviting them to see it. 2) took my husband with to the showing... so he could wait outside for the next party (I schedule my appointments to show my units every 30 minutes). 3) I attached this message to their appointment invitation: “Out of respect for the current tenant (due to the Covid-19 situation), would it be possible for you to come without children & wear a face mask?”

My primary is a prior rental of mine that is a half mile down a one lane dirt road.

Not sure how this would be able to be evaluated except the section of a PPM that looks at hypothetical investment.Rent Increase Assumption: this will be effected when putting off value add plays, maybe look at 0-1% now as opposed to 2-3%.Renovation per unit: was looking at 3-8 K per unit, maybe now looking at more like 3-5K per unit.Break Even Occupancy: was looking at 65-70%, now prefer to see closer to 50-60%Reversion Cap Rate: Previous was looking at 0.5-1.0 over initial, now looking more at 1.0-1.5xLoan to Value: Prior Criteria was <65-75%; now lloking more for 60-65%. 

If you give the tenant notice 30 days prior (May 15) then you can give them the option of terminating or signing a new lease with new terms.

Like anything else though, we judge things based on prior experiences.

With this adjustment of delayed costs the DST distributions are not just slightly, but much higher than my prior NOI and the depreciation expense (and saving) will be higher resulting in additional tax savings.