I want people to have a realistic attitude so they don't get discouraged and give up. but it is very possible to do a deal or two without a car and I'll just have to prove it.That is exactly the attitude it takes to be the exception to the rule.

So, if your tenant shows on day 7 and says I can pay you half of the rent now and you except it, say they default again, on this promise to pay the balance you have reset the process back to square 1 again.

What's the typical payback on let's say a 100 unit complex (tenant paid electric except water heater/furnace) where you offer electric to the tenants?   

An exception to that is when a sellers say owns 10 buildings and they are selling them all and they vary in size from 10 to 120 units.

From the pool of inquiries, there would have been much more applicants except I let people know that there were already too many applicants AND that they MUST meet my criteria of over 700 Credit Score, 45 times monthly rent AND have a healthy savings account to weather the lockdown.I chose the best applicant who made $200k per year and had $200k in savings as well as over 700 FICO.Apts like mine in buildings like mine are incredibly desireable now.Basically, there's a huge problem with skyrises and Pandemics.People are afraid that if they get into an elevator that they could be trapped in a small space with someone that has the virus, which will then transmit it to them.Also, the management for the skyrise buildings are not permitting IN PERSON showings AND many are not allowing moving in or out of the building because of the risk of increasing the transmission to vulnerable tenants within their buildings.That narrows down the amount of available apts.Buildings like mine, non-Elevator walk up buildings which are low density and separate Garden Apts, are now the most desireable buildings to own in a Pandemic in NYC, as I am seeing anedotally.However, this is only true if you are in the right kind of City, where most of the buildings will be very large skyrise elevator buildings where there are huge amount of renters.Adding to the attractiveness of low density buildings is the fact that NYC is the EPICENTER of the COVID-19 pandemic.Yes, this is one single datapoint.

there are few things that you should know about DTI :- every conventional lender has different way of calculating DTI- even if it doesn't work at the beginning, they can make exception case.All of these happened because of (too strict) Fannie Mae regulation.This is what you should do.

We also love tertiary or small town markets with exceptional cash flow.

To be great at anything you have to be a little obsessive and real estate investment is no exception.

Once exception is the area around Morgan State where there are still deals to be had on duplexes.

It's up to the seller to correct any issues or the buyer to except title with encumbrances.Title companies DO NOT CLOSE transactions.ESCROW companies are the (third party-arms length) transaction specialist that collects/goes over all the contract paperwork, pulls payoffs, works with title to make sure there's clear title/no encumbrances, has the parties money's in ESCROW and then creates all of the paperwork for both parties to sign off.