We have several repeat investors and several first-time investors and we do ask them individually what they've invested in before. 

I plan to finish the 1st unit in the first month and then rent it out and repeat the process until i get to the third unit.

And housing market is definitely being affected -- sellers delaying, not wanting buyers in their homes; I just cancelled showings in one because current tenant now doesn't want anyone in, even if we wear masks and gloves.

But the economic drivers around this property will most likely not be affected much by the recession.

Although this doesnt affect vacancy per say, I would still use the fairly standard 8.5% vacancy (which assumes 1 month vacancy per year). 

It could negatively affect someone and their family in ways that you’ll never know.

Depending on billing, you might want to consider separate meters for each section if it is not already set up with multiple meters.On the metal frames, yes colder weather does not affect them as engineered systems are designed for specific locations, to account for snow loads, wind loads, etc.

Any balances due, tenants with late payments still dueIdentify any existing evictions in progressCertificate of Occupancy from the City of LA9a Property Report Natural Hazards Disclosure Statement Copies of all current insurance policies and insurance company contact infoLoss run from the insurance carrier (my insurance broker requires this from seller)Copies of ad valorem tax statements covering the Property for the last twelve (12) months, if anyCopies of electric bills for last 12 monthsCopies of gas bills for last 12 monthsCopies of water and sewer bill for the last 12 monthsCopies of trash bills for the last 12 monthsCopies of any vendor service contracts (common ones include landscaping, interior cleaning, laundry, fire alarm monitoring, and pest control) Copies of any environmental studies affecting the property, if any.A list of anything that will not convey with property (common items include laundry machines and appliances owned by seller)Copy of current management agreementCopies of all existing surveys of the Property, if any.Copies of all warranties for appliances, equipment, utilities, roof, paving, pool, etc., if any.Copies of the last three years’ profit and loss statementsList of all capital expenditures in the last 3 yearsDate of systems updates, if known (plumbing, electric, roof, HVAC) Preliminary Title ReportCopies of the most recent title insurance policies, if any.

They used up their tool kit way early with likely small affect.

But what will the end affect be on the economy?