Make certain you understand absolutely everything there is to know about the underlying loan you'll be taking over: interest rate (fixed vs. adjustable), monthly payment, account status, escrow account surplus/deficit, etc.As the buyer, you will need the POA docs in the future, so that's something you definitely want to control and bring to the table.If you don't have rock-solid, time-tested closing paperwork, go get some: You do not want to wing it on a sub2 deal!

I’ll make adjustments-it’s just so frustrating to lose out on deals in hot markets.

My plan now is to save a bit more either way, besides I'm still a little hesitant due to the market and current climate, if anything it will mean I adjust my strategy a bit, not going to wait to jump in.

I was just notified by my usual lender that due to Covid they have adjusted their minimum loan amount to $50,000.

Should I adjust my rental price or pay the mortgage myself until I get a tenant that obeys the 1% rule?

I would like to know what moves you made in past years or did you just keep finding good deals and adjust as required. 

He may do an adjust for condition (like if it needs a ton of work, but usually not unless it's really obvious - He's not an inspector).As far as reported CapRates, places like CoStar and Yardi have phone banks calling up brokers/owners on transactions to get a number (sometimes any number) to fill in the blank.However, the CapRate is "soft" since you have no clue on how it's generated.  

I'm not for predicting the future but it appears that this metric has been quite accurate in the past in terms of indicating an imminent down turn.Sure, it's due to a lack of production because of covid and the stock market not adjusting correctly yet and maybe the economy will manage to go towards the right direction before its too late, but how are you reading into the situation?

I've found that having capital from investors in place before you have a deal in hand is the best way to ensure success.There are several reasons why you should start raising capital before you have a deal:Investors need time to adjust.

Market adjustments absolutely, economic strain you betchya, mass foreclosures.... really, really.