If the local economy does not support that rent level, higher than market rents only attract irresponsible tenants.

Look into the association and make sure they are healthy so you can get financing.

She was born at just 3lbs but is perfectly healthy now and ready for her first house flip (outside of mommy’s tummy;).

Industries that are well suited to remote working, finance and technology are examples, should be less impacted.In response to stock market volatility we see a flight to safe assets and that is why the entire US Treasury yield curve is below 1%, something that has never happened before.Some of the impacts to the real estate business model will be:-higher unemployment amongst tenants in impacted industries-lower financing costs-likely greater challenges with equity financing as investors ‘freeze’ in the face of uncertainty or are reluctant to liquidate stock holdings that have fallen dramatically in order to fund real estate investments-cap rates - downward pressure from lower interest rates (cap rates tend to be a spread over treasuries), upward pressure as debt and equity financing become less available (less buyers in the market)I think the greater concern is the oil price war given it is a fight that the US does not have direct influence over.We are at the end of an approx 12y bull market so some kind of correction is healthy long term, even if it is painful short termHere are some additional insights into how you might want to position yourself at this time:Focus on the right asset – I like the multifamily asset class because multifamily real estate is popular during times of uncertainty because during these times, people prefer renting and because it is valued intrinsically it is less prone to large swings in sentiment which can impact the value of single-family homes.Diversify your Portfolio – real estate has low correlation to stocks and bonds and this makes it a hedge against the stock market.

I initially asked that the dog stay outside with someone while we look at the house but she immediately claimed the dog as an emotional support dog so for sake of argument I said that's fine and let them come in.

It's not automatic but if you have a good payment record and the comps support the value it shouldn't be a problem, people get it taken off all the time.3.

I'm expecting very little in terms of support which I don't think will be an issue.

As for the other items it really depends, does the area demand better fit and finish, do market rents support the expenditure?

I'm considering converting it into an ADU for additional rent.Does any one have any advise on 1) is this supported by the area if you're familiar with the market, 2) any special warnings or things to check before I place an offer. 

Again you need a good consultant for this, if your architect is not familiar with the 'politics' of the City, then you need to hire someone that is to support the architect in this.