I'm a newer investor, and personally during these times I just plan to be more strategic and make sure I have more meat on the bones (more equity) when I make purchases.  

It's been a long time since doing that.A small home with good bones (which you as an architect would understand) surrounded by homes that are much larger may be a great find if the home can be expanded at a reasonable cost.

The house had good bones.

Greetings @Chris Webb,The issue I see with older housing stock is outdated mechanicals and older 'bones' (structure, framing, foundation) and as we know father time is undefeated.

@Deneuve B. One

This property had some great bones, it was just all of the cosmetic features that needed help.

I think the bones of the website are excellent.

There is no more "meat on the bone" in Queens or Manhattan for investors. 

Don't be the guy who just comes in asking for help, especially someone who asks for help from 2 simple sentences that are bare bones.

So -- I removed the PM costs, dropped maintenance and CAPEX to 5% each (a catastrophically low number, but better than nothing)In this bare bones model, you'll make about 3% per year.