@Luis VacaWe are currently receiving order on supplies and will renovate now through the rest of the year.Occupancy at purchase was just under 90%.There are several of the units we could rent but are beginning to renovate instead.The first 30-40 were renovated before we bought and rents we’re raised so we are confident in finishing basically where they left off.A partnership split opened this opportunity up to our group.

You aren't aware, that providing financing to an occupant was one of the fucuses of bank re regulation legislation Dodd Frank. 

In addition, your future home in Oak Harbor has a very strong rental market with insufficient supply relative to demand.  

The location of the garage in relation to the sewer line connection at street, the distance of the run of other utility supply lines, entire scope of work, and your finishes will dictate price.If you are simply using the existing footprint of the garage to convert it to a legal ADU unit per CA new codes, you should expect somewhere between $50k-$100k depending on specific circumstances.

Nothing has changed for me on the supply side. 

Also I would read up on the laws before starting wholesaling. https://www.mass.gov/lists/statutes-and-regulations-real-estate-brokers-and-salespersons check this out and pay extra attention to the licensure section.

•Massive unemployment = selling and foreclosure (eventually, not initially)•Increased supply/declining demand = lower prices/buyers' market•Those with capital reserves will buy at significant discounts for cash•Savvy investors without capital will buy on great terms •Retail priced value add/flip properties will have to sell at smaller margins•The paper market and buy and hold investors will be on hold until the general public can afford to make payments•Capital might be sitting on the sideline for a whileWhat does your crystal ball say I'm missing here?

The challenge is that we don't have enough data yet to really look at the numbers and make any meaningful predictions or summations of the effect so far.There will likely be an increase in supply for the coming months in the Phoenix market, as the Covid crisis will undoubtedly push some homeowners in foreclosure, force some AirBnb investors to sell off some properties, and kick the iBuyers out of the market for now and force sellers to sell via traditional means if needed.It may be reasonable to expect a short-term recession (and I mean super short term, as everyone is hoping this will be over in 60-90 days), but it's not reasonable to expect a massive depreciation of home values or another foreclosure crisis like in 2008.Home prices in the Phoenix market have risen consistently since 2013 (like most of the country), but not outside the affordability range of average home buyer with a median home price of $265k or so.If the majority of average buyers can weather the storm with government aid and such, then we should be ok and bounce back fairly quickly once the pandemic subsides. 

Tens of thousands of dollars.Syndications are regulated by the SEC and you must be very careful to follow all the rules.If you have little (or no) experience, who is going to give you tens (or hundreds) of thousands of dollars?

Even with the increase over the past two weeks in available home inventory, supply is still incredibly limited.