I have a deep desire to help others, a knack for sales and an unshakable "WHY" Failure isn't an option.

For the local Cleveland investors out there, which area in Lakewood is the best to be in?  I guess with proper screening, it really shouldn't matter that you can get good tenants.  But if you were a (young professiona...

And then scale up to get your desired amount of deals.You can ask a competitor for these numbers, but I doubt they are as sharing as you may hope.

New condos being planned nearby can significantly lower the old ones desirability and value.

- what is your desired CoC?

What you can do depend on desirability of the location.

The only thing that concerns me a tiny bit is your desire to make a meaningful social, environmental and economic impact.

It all depends on the market, the location, the property, and your relative desire of responsibility to the property.

From the pool of inquiries, there would have been much more applicants except I let people know that there were already too many applicants AND that they MUST meet my criteria of over 700 Credit Score, 45 times monthly rent AND have a healthy savings account to weather the lockdown.I chose the best applicant who made $200k per year and had $200k in savings as well as over 700 FICO.Apts like mine in buildings like mine are incredibly desireable now.Basically, there's a huge problem with skyrises and Pandemics.People are afraid that if they get into an elevator that they could be trapped in a small space with someone that has the virus, which will then transmit it to them.Also, the management for the skyrise buildings are not permitting IN PERSON showings AND many are not allowing moving in or out of the building because of the risk of increasing the transmission to vulnerable tenants within their buildings.That narrows down the amount of available apts.Buildings like mine, non-Elevator walk up buildings which are low density and separate Garden Apts, are now the most desireable buildings to own in a Pandemic in NYC, as I am seeing anedotally.However, this is only true if you are in the right kind of City, where most of the buildings will be very large skyrise elevator buildings where there are huge amount of renters.Adding to the attractiveness of low density buildings is the fact that NYC is the EPICENTER of the COVID-19 pandemic.Yes, this is one single datapoint.

Showing up with debt service in desirable areas where people are competing with cash is like taking a knife to a gunfight.