They also want almost 12 months reserves CAM and rent averages to feel secure the owner can work through COVID going away and possibly returning again in the fall.Lenders with STNL investment grade tenants with essential businesses the lenders are not imposing those reserves and still giving great rates with minimal down.So the retail centers now for us to consider buying the cap rate has to be REALLY HIGH for dealing with that otherwise you lose one tenant and fill another one up and do a lot of treading water for not much extra additional yield.

Decided to purchase the house because it has an extra 1000 sq ft full height attic for an additional unit if the city approves it.

Aside from the rates being low I imagine a lot of people working in their apartments cooped up all day thinking about how awesome it would be to have extra space and a yard.

I currently own a SFH and renting out the basement for extra income.So far, I have decided to go into REI with a target date of go-live or acquiring my 1st investment property in October.

I'd like to have the extra income but to me it didn't seem right to raise rents right now. 

If you want a fridge that's an extra $50 (or whatever amount) per month and fridge/washer/dryer will be an extra $x/month. 

Or I can try to take advantage of 1099 write offs but wait an extra 6-7 months to get started on my real estate journey.

2) Did you have any extra carrying costs due to delays in construction by the covid-19?

It seems like an amazing deal to start with, lots of instant equity and doesn't need too much work.Some details, located in Northern Kentucky in a pretty good area.Price is 70kARV is 125kI estimate about 15k in repairs/rehab Market rent is around $900-$1,000/moMy plan is to get a 203k, and live in it for atleast a year and fix it up over time.I would also be renting out the 2 extra bedrooms for probably around $300-$350/moAssuming I get a $85,000 203k loan, the payment would be right at $400/mo plus another $160/mo for taxes and insurance.

If I were in your position I'd probably start with rentals and learn that way, depending on your city there are also a lot of out of state investors willing to pay people to manage their rehabs, even better if you can find the deal, make the sales commission and make a little extra managing a rehab and learning along the way.