The city council has a strong socialist mentality and is extremely anti-landlord.

You can use deposit to satisfy unpaid rents.

. - Once bank account balance is satisfied, we will split positive cash flow 75/25 until we have both recouped our initial investment - this allows us to be both paid back simultaneously. - After we have recouped initial investment - we will be 50/50 owners - split cash flow/expenses 50/50.

If the floor repairs are cosmetic, and there aren't gaping holes in the floor, I would think you are technically satisfying those requirements. 

Uncertainty is what leads to opportunities and uncertainty will be at its highest between now and the next 30 days.Lending is the other risk out there which could lead to prices dropping but the Fed has been extremely aggressive to make sure that’s not a risk.

The odds of all your tenants being laid off is extremely low as the unemployment rate went from 3.5% to 5.5%. 

I know the space extremely well.

This is extremely important and brings me to another point, you have to be comfortable with your lender.

@Enis Shehu I would be extremely grateful for the sharing of this knowledge as well, if possible.Thank you either way in advance,

@Whitney Hutten in addition to that, I understand that inventory is extremely low, I have put about 10 contracts on properties and they all had pending offers either that day or the next, that’s also one of my concerns with pulling out