The quality still may be suspect, but very possible that they got those responses.At the risk of confirmation bias, Tenants still move because they can't afford or don't want to stay in current place.

In general its about the asset quality based on location and how broken down the asset is. 

Nice rentals draw quality tenants and I try to screen them pretty well. 

We will use top quality material, as in some of the other recently renovated houses in the area.Due to Coronavirus situation, I've heard from some investors and brokers that banks will raise interest rates and house prices will go down as soon as in 2 - 3 months.

My concerns with Elmhurst have been the potential quality of tenants (still mostly students I assume), my preconceived notion that rents were lower over there, as well as specific zoning laws.

The visuals go a long way. 

I would consider is that vacancy rates for that area are ~10% and to get a high quality tenant, you would need to be on the lower end for rent for that area.

Here's some to get started, and I'm sure people have better:* virtual work will migrate down the food chain of jobs, making internet/visual hookups more like a utility and possible differentiator for residential landlords*rental/business interruption insurance will evolve..more expensive and more comprehensive?

I have also developed good relationships with local contractors and know quality workers. 

Remember from earlier, rates/leverage/and pricing are based on "supply" and "demand" of capital and there was an extreme "flood" of capital into the market, all while quality deals were becoming scarcer.