There's a level of uncertainty in every investment, even for people with dozens of deals and decades of experience.

The Hypersupply phase can last anything from 2-4 years before a recession hits.With the onset of this disrupter - the response to the Corona virus -the Fed has pre-empted the actions normally taken during the Recession to try to stimulate the economy but the drivers for this recession are not economically based and so this again skews the normal cycles.The best lens to to try to assess risk is to stay focused on the dynamics of the normal market - prices for multi-family properties are driven by the demand from investors - the competition for the properties is driven by both the desire for the business ( availability of investors) and the cashflow the property can produce in the future - the cashflow is determined by the space market - ie the market for rental space- the rental space market is driven by the employment market largely.

MLS listing, offer based on HABU assessment.

How did you assess the damage?

That house is new acquisition and I haven't really assessed it yet.

I am putting my townhouse on the market in 2 weeks. My property is 2200 square feet (not including the basement). My property was estimated to be worth approximately $265K. The unit next to mine, just went contingent ...

Also, we have repeatedly asked for a mold assessment to be done on the basement but that was largely ignored. 5 weeks after the flood the LL came by to spray the walls with bleach but that is it.Now, the work has finally been finished but the basement is a disaster.

I’ve had a half dozen electricians tell me the same thing.  

I suggest trying the BP Rental Property calculator to get a better assessment, but it looks like a thin deal to me and I would likely pass.Rent control will prohibit you from getting to market rents unless you turn over the tenants.

Thought I way over paid for it back then, but now I which I would have bought a dozen more as the equity has gone through the roof.