Bob's prepared remarks, I think, hit the nail right on the head, which is, this is something that is being driven by partly fear, partly folks being at home and not being able to leave their homes, and price doesn't necessarily solve that and so I think what you've seen from the industry for the most part is, there hasn't been a lot of discounting other than in a few places where we've seen some co-broke type incentives to move inventory that was finished.

Can I put a cap on that in the lease?  

The ability to nail your expenses and timeline down is a fine art.

Here a value add asset will trade around an 8% CAP on actual rents, but people like to try to price them on pro-forma rents as if they were repositioned which personally I think is garbage.

Hi @Ben Capone, there are a few options here.1.

We are in a "manufactured market", at the moment.I'd venture to guess that nailing short sales or doing some door knocking may be the way to go for now..

. $4500 which included stripping, architectural shingles of my choice, and getting rid of all debris and nails.

Nail down all the expenses that are knowable (like taxes, insurance, management, etc).

You nailed it, local bank!

John and Robert pretty much nailed it.I will add that those that went relatively unscathed or prospered during the Depression were those who managed both leverage and liquidity well.The proper use of both is what will set you apart from most everyone else.