We buried the lead there didn't we.They aren't paying the $100 power bill... and oh yeah they aren't paying the $1,200 rent either.In normal times notice to pay or quit followed by eviction, in COVID times probably still post notice then communicate on a payment plan if possible, and if not then eviction when the courts reopen. 

Other landlords choose to buy in areas where the rents are consistent and high in relation to the cost of acquisition. 

I think a good strategy may to look for Multi-families close to colleges because you will usually have tenants paying consistently based on financial aid.

Like the healthy 26-year-old mother of three that worked on the side and was paid in cash so she wouldn't lost her benefits that paid $1,175 of her rent on a $1,200 townhouse that none of her friends could afford despite working two jobs, yet she was still consistently late with her $25 portion of the rent, then she got knocked up by the boyfriend living with her unbeknownst to us and HUD, and when I finally managed to catch her and get rid of her, she left $4,000 in damages.

After meeting that one time we only communicated through our real estate agents, but my offer was accepted and that is all that matters!

Being consistent and active in the business is key to beginning to gain trust with these individuals. 

If the deadline is reached without any communication, you can assume it's heading towards closing.

She does have a point that there’s just too much of those trends being done for them to last much longer (unfortunately for most of the new-builds here in Boulder, and entire neighborhoods in Denver (looking at you RiNo and Highlands) that consist almost entirely of these two styles).

In your experiences, what industries have you found to be the most consistent for multifamily housing demand, across multiple market cycles? 

None of them have a consistent/standard cash flow (which is really what you're looking for) attached to them...so why use them.