I wanted to shed some light on our current Covid-19 situation and speak to capital raising.

I was born and raised in downtown Buffalo and just recently moved out to NYC.

You have to honor the lease.You might want to talk to them about raising the rent (maybe even progressively) to market and let them decide to move on their own. 

Lenders have been raising their minimum requirements and I suspect a 730 credit score may not make the cut with most lenders today.

Expect and prepare for calls to liquidate as LPs may look to raise liquidity given their situation.

Consider asking for a raise or looking into side hustles.

I’m looking for recommendations on raising rents as the new owner.

You couldn't go back and raise it up again unless the demand increased and then they will use the reduction against you.

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.

I was raised with my parents telling me you have to have 20% down and pay off your mortgage in 10 years to avoid interest.