Economic Update(Monday, November 16, 2020)Last week, the stock market roared higher on the news that a highly effective Covid-19 vaccine appeared to be just on the horizon.

As a landlord that went through 2008; purchasing and renting multifamily and commercial real estate, you realize how important reserves are when CAPEX repairs come up sooner than expected while trying to maintain economic occupancy in your properties during a recession. 

There were a ton of deals like this on the market following the mortgage crisis of 2008-2010 so it's possible it's been vacant that long, in which case it's probably been exposed to weather etc. and may be a teardown at this point.

Hello Raj, the province is in an economic recession as multinational oil& gas firms are no longer investing in large projects and a lot of oil& gas companies have moved completely out of Alberta.

Just asking more the atmosphere in Indy now economically etc.

A few of those placed strategically on top of 3-4 inches thick of concrete pavers might keep the problems from getting much worse.Foundation issues are some of the worst problem investors face, unless you know how to fix them economically. 

You're having a hard time finding strategy because, in general, you cannot take a loss for tax purposes unless you suffer an economic loss or you're moving economic gain to the future with depreciation deferral.There's no magic bullet. 

Sure is a crisis.

This is where I thought at least we need to earn what we pay as interest (Opportunity cost) and with an intention to hold, looking for better spread to cover the post pandemic crisis and recovery.As you said, there are different styles of play, I will keep a note ‘why low capitalization can be an alternative’.

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