Just found out that the fast food restaurant, Checkers is trying to move into my community.

@Mike Wood - this is what I'm refering to: https://www.nola.gov/safety-an... 

Even if that's unlikely, I'd be prepared/have enough in savings to cover the monthly costs in full as a safety net.

I believe in free market and that regulations should not be to control price but should be for protection and safety. 

It will be more money upfront but will last much longer and save you down the road.Just some food for thought!

@Tom Peterson, ya know sometimes there's nothing wrong with comfort and safety. 

Having enough profit in your numbers as a safety net is really great advice. 

I was told by some investors to have a separate llc for each individual property as to create a great safety blanket, although for tax purposes this seems like a lot of unnecessary work. is there any benefit to this?

The play in acquistion in the next year will be which suburban markets surrounding Urban Cities sch as Philadelphia (whether NJ OR PA), The glimmer of hope is NYC is much worse than Philly for Safety which it is attracting New Yorkers to move hear to work virtually and below there means. whether you rent to section 8 or risk with market rents where cannot currently evict due to Covid 19.

@Emily Smith just food for thought, but have you considered converting the commercial/retail space to another apartment?