Kudos to you for following your gut about over-leveraging concerns in light of the unfolding virus situation.

They can install cabinets, floors, counter tops, faucets, lights, etc.

@Robert Steury expenses are light. repairs of $75 per month is 1 service call per unit per year.

Rehabbed the kitchen: tore out all upper cabinets, cleaned up some mold, repainted the walls/scraped the popcorn ceiling, put in faux shiplap (8in plywood strips), hung up open shelves, installed new light fixtures, painted inside and outside of under the counter cabinets (dark Blue), replaced drawers, added new stainless steel cabinet/drawer handles, tore down non-load bearing wall, replaced tiles, re-routed light switch, and painted window panes.

Tore out all upper cabinets, cleaned up some mold, repainted the walls/scraped the popcorn ceiling, put in faux shiplap (8in plywood strips), hung up open shelves, installed new light fixtures, painted inside and outside of under the counter cabinets (dark Blue), replaced drawers, added new stainless steel cabinet/drawer handles.

Have you considered new light fixtures, pulls and door handles, Edison Light Bulbs or other types of bulbs?

However, at this time, ensuring that the portfolios are strongly positioned to weather even the most severe downturn is the prudent decision.We are aware of the fact that this may be a difficult time for some of our investors and want to reiterate that this was not a decision we have taken lightly.

Connecting with a closing attorney to acquire and organize all the legal documents associated with either route discussed in step 3Are these the correct initial steps that I should engage in to get started and gain foundational, learning experiences since I am brand new to the industry and have limited capital to work with?

We just spent 10 days doing our typical "Spring upkeep"We sanded down solid wood kitchen cabinets, primed and painted them.Had a bulb burned out under the microwave.Fixed some screens on the screened back porch.Touched up some paint on the dock.Cleaned out flower beds.Steam Cleaned CarpetsFixed a bedroom door that wasn't latching properlyEtc.For those of you using a PM:Does you PM regular inspect to catch small things like a microwave light burned out?

Here are the numbers: $210,000 all in cost (including reserves, light rehab, down payment, closing costs, and cost of study).