Costar sees signs of multifamily trouble: Multifamily cap rates risingLooks like investors finally starting to demand real cap rates and multifamily will begin trading on present performance and not future rents. 

Once you determine your "why" you need to perform due diligence when determining what market(s) you want to invest in: >is there sustained demand (for the long term) >assess the comps, i.e. what are other similar properties selling and renting for in the area, determine if the guarantees are accurate >vet your developer, look at their track record>know the underlying risks>establish your team >know your exit strategy: look for long guaranteed income periods & high yields These are just some of the factors you should be considering before jumping in. 

Engaged in any activity (definition):You are ineligible for unemployment insurance on any day in which you perform any services in employment or self-employment regardless of whether you are paid for these services.In my tax return I report the income in Schedule E, I don't have a corporation.

I read through the Fannie Mae guidelines released on March 23rd and I see that they have actually relaxed some of the appraisal requirements but no where have they said to not initiate appraisals.I'm in a big problem now where I'm already in a contact, underwritten loan, appraiser is ready to perform appraisal but lender doesn't want to initiate appraisal.Should I be taking a legal route here?

Currently self-managing the property and my question is.....how often are you (or your property mgrs.) checking up, inspecting, performing maintenance on the property?

I have 2 properties I'm thinking about either selling, keeping or doing a 1031 into a better performing property.

Their stock has performed very well, relatively speaking, throughout the downturn.

You'll derive the value based on the NOI and cap rate for your submarket, as opposed to neighborhood comps, etc.While your lender will focus on the property's performance, there are other personal hurdles such as net worth and liquidy requirements that need to be met for qualification.   

“But lenders don’t want these properties back.”Smeck said lenders will likely look at a property’s performance before the coronavirus hit.

The appraisal inspection would also show if any new repairs were performed or needed by the age of the building and how well it has been maintained.