Given this new information, back to my original question - are folks adjusting their underwriting now assuming a potential downturn or operating as they were prior to COVID-19?

Then when you bought it they may have come out to read it and adjusted their original math for losses, or just mathed it based on another seasons math.For instance summer math may be greater than winter math, and based on when YOUR initial read took place, the amount on the meter used vs the amount paid to date may have been you initial starting figure for your math estimate.

I like the CSprings area and I agree with the approach although I would adjust my target and look down range a bit.

Adjust based on the age of the property and any know issues that may be upcoming.Vacancy is super local, but I like 8% for MFR.Always include Management (10-12%) in your underwriting, even if you plan to self-manage at first.Are both units separately metered for water/sewer?

I would adjust to 900 for the 2x2 and 600 for the 1x1's.

Focus on that and it should provide some clarity on how to adjust your investing strategy. as for the money, rates are super low and inflation is set to rise, so it's probably not an efficient use of capital to pay things off but that may not matter depending on your goals, it's good to consider though. 

Your Property Manager should be providing you copies of the invoices, which should tell you if they are legit.Garage doors often require adjustment.

Keep in mind that cash on cash is a measure of risk-adjusted return. 

Past that expense, most adjustments for cost of living adjustments are cheaper here in Texas than California.

A buyer's agent can not adjust the commission since it's part of the listing agreement between the seller and the listing agent.