If your zoning application WAS approved, you would then have to submit signed and sealed alterations plans by a registered architect that demonstrates that the conversion meets all current codes, including existing building, Architectural life safety, Electrical, plumbing, mechanical, energy and fire protection.

That way even if something goes wrong your investor is still protected.

The first time syndicators purchasing in PHX circa 2018-2019 are in the witness protection program and I wouldn't expect a call back anytime soon.I'm sorry to be the bearer of bad news but if you invested in a PHX multifamily purchased in 2018-2019 then you are probably in for long and bumpy ride.

On the other hand, if you're planning to go pro, you might want to gear up with the top quality up front, despite the high price tag.

If you can come up with some kind of income protection agreement with the seller - more power to you! 

Does anyone have language that they are adding to new rental agreements to protect rent payments during this situation?

Each state has different rules and the attorney would know the best way of structuring language and provisions to protect each party.I would ask attorneys you are interviewing what experience they have with RE law and/or investing.

If you have a lot of employees you may also benefit from the Paycheck Protection Program. 

🏠Clearly, it's a tough time to be a homeowner, landlord or tenant in this world pandemic. If your income has taken a hit as a result of the COVID-19 outbreak, or you fear it's about to, the good news is that you may b...

If there wasn't a pandemic causing havoc there would be no question to continue, but here we are and I have to protect the family economy because I am concerned with what can be done with our current house.