This ordinance will impact landlords' ability to renovate their units as well as for new conversions/construction projects to continue within the city of Chicago. 

Your cost will be impacted by how deep they’ll have to install the well.The septic tank installation cost about  $8,000.

We did that so the loan wouldn't negatively impact BOTH of our DTIs.

All of the MF syndications I am in have been running in the mid 90%s.August and September will start showing the real economic impacts due to the Feds unemployment running out.

@Sean HarrisKeep in mind that in order to take a distribution or loan under the CARES Act you must have been impacted by the virus in one of the enumerated ways & your current account provider must allow you to take a CARES Act distribution or loan.

Normally they have a small impact on your FICO.

This won't have much impact on the property value, unfortunately, since it's only a 4-unit.

If so, have you gotten any feed back or noticed that it has made an impact in your investing either positive or negative?

Lowest impact change just reset the mortgage to the 80k over 30....boost your return that way and it’s not real aggressive.Paying the penalty is way too big a hit for a property he already has performing wellthough there are some Covid driven exceptions to the penalty now.But you really don’t gain much by paying it off, and you lose a lot.

Let’s see;Market Headwinds :1) High unemployment 2) Rising foreclosures 3) Tighter lending standards 4) Devastating impact on single economy cities (college towns, theme park towns, oil towns, resort towns etc)Market Tailwinds :1) Stable banking system2) Functioning mortgage market 3) New household formations - Millennials 4) Strong lending standards practiced post 2008 crash5) Liquidity Liquidity Liquidity - 6 Trillion printed!