They have a good idea who pays quickly, who cheats on permits, who hires illegal immigrants, who likes lawsuits, who inherited the company and is riding on "Pop's" coattails, which companies are staffed by stoners, who is cheating on taxes, and who can run a job and get work done on time. 

I've given up listening to the radio on my rides for more education with the podcasts.

And just let it ride on the properties you already own and do whatever you can to make your property better than the others with upgrades and superior property management.

Now if I could just get a ride in your plane...😆   

In Dallas you get hail and high winds and the insurance tends to be higher.

It's the difference between 1) riding a mule into battle or 2) riding a sherman tank into battle or 3) riding am M1A2 tank into battle.

sounds like one wild ride. 

There will certainly be a lot of businesses suffering, retail especially and also restaurant tenants will likely be defaulting on their lease agreements in large numbers soon, etc. but I believe the few people who own most of the CRE in this town have pockets that are deep enough to ride out the short term effects of the Coronavirus, and strong demand will return in that space immediately after this is over.

i'd spend the $60k and hold on. the market may or may not be softening. but if youre cash flowing, why not ride the waves?

Hi Jason,Just some random thoughts on this to bring your knowledge up a little.Everyone is different in how they do this--sometimes the lender will dictate certain amounts for certain things.Some people ride motorcycles without a helmet, some always wear seat belts.It also depends on how deep you pockets are, a Policeman owning the same SFH as a Brain Surgeon might want to have more set aside just in case.Some make a CAPEX, list for their guesstimates of CAPEX outlays based on the HUD guidelines in years of service life remaining for each item.But in (for instance) areas of high winds, things like roofing replacements and insurance reimbursements complicate this.You need to budget for turn cost, and wear and tear also, (re: wear and tear; carpet physically wears out over time, vs. renter spilling red paint on it--where you would charge that to the renters security deposit).The costs in the future will either come from the renter or come from YOU, vacancies, wear and tear, equipment failures, etc...The ones that will come from you, need to be budgeted for--unless you have deep pockets and the amounts seem frivolous to your expendable income and you believe you can just cover them easily.Some people can afford to buy their secretary a new car for her birthday, some have their families huddling around the table eating one can of cold beans for dinner--Ole' one can of beans might not be able to meet the financial needs of CAPEX when it comes due unless he sets it all aside ahead of time.Good Luck!