I believe retail commercial is one of the first asset classes in real estate that gets hit first when the economic environment starts to decline.

And for folks older than 40, their interest in a hospitality business with passive returns that have yet to be tested in current economic conditions is bound to be closer to low than high. 

economic data regarding neighborhood - current rent rates for similar sq ft, bed/bath count, locationcity certification for rental propertyannual taxescurrent leases- verified without any undisclosed verbal agreements, concessions, side agreements with any tenant regarding rent, renewal options, security deposits, payment of utilities, or any other aspects of financial terms of lease or rental agreement.current rent roleexpenses- for at least last 12 months - schedule E from federal income tax return. copy of current insurance policy and loss historyTenant security deposits on hand- seller verifiedcopies of entire tenant file for each current tenantcopies of every service agreement or contractCopies of all required governmental licenses and permits.list of all personal property included in purchase - equipment, supplies, appliancescopies of latest utility billing - does seller have any deposits on hand at the utility company and do I need to place a deposit for service?

But, if you looked at 40 years of data in Austin and analyze it constantly like I do, and understand the economical makeup of the city and how it is unique, you will see the data does not lie. 

From an economic view:1. 

Economic Update(Monday, May 10, 2021)Are you making love less?

Very landlord-friendly with economic growth. 

We have a diverse economic base with one of the best hospitals in the country, Promedica.

There is so much economic growth in Huntsville and the surrounding communities.

I do not need a lesson on economics lol, I do fairly well with real estate and other investments.