One co-worker of mine was going to acquire properties using HELOC's at the time planned on working around the seasoning requirement having another co-worker add his name to an account, and paid the co-worker a few dollars a year for the privilege.

Unfortunately the tenant didn't actually sign the lease until Monday, so we couldn't call for the CO inspection until then.

I have attempted to contact multiple people from the zoning/planning commission (Knox Co., TN) and they have proven very difficult to get a hold of.

Just read a bunch of the threads on the subject in that last few weeks and you can see how folks are handling it.I think its pretty obvious the most vulnerable tenants are going to be the service workers who have been laid off and as we know the average tenant has Zero savings.. so even though they could get unemployment i am not sure that will cover all their needs..

in that the effects of COVID-19 will hit the C-class assets much harder since most white collar workers are more insulated from this shutdown.

I am presently based in New Jersey but since I have an insatiable appetite for the outdoors I will be relocating to either Colorado, Oregon, or Washington next year.

Still a good reminder to watch your workers. 

You should bid what your analysis suggests is a great price for the property, keeping in mind that many of the multifamily properties in the Greater Philly area are converted older homes rather than purpose built multis, so often the utilities are co-mingled among units (water, heat, electric, gas etc), meaning you either would want to convert/separate them so tenants can pay their own, or ratio bill (which adds mores item to track and manage)

Hello fellow BP members. i will be taking on the real estate area of tax lines this year in Pueblo Co. 

@David Worker This is a tough time for everyone.