What really matters is the proportion of each supply and demand factor since each sub markets will have different proportions.

most places are closed, and the few that are open you can't enter without a maskI just look at the numbers, and that keeps me level headed about everythingMedia is blowing this way out of proportion in my opinion, and people just believe whatever they see

Plus squatters can claim covid effected them, etc. to delay further.So...unless delivered vacant, and bldg secured, this could easily be a cluster of epic proportions! 

Nothing wrong with engineers, but sometimes you can over-analyze a property.However, return and risk are proportional. 

Really depends on your initial fix up - the CapEx number will be inversely proportional if done right.

I'd guess it's probably a huge proportion, if not pretty much the whole thing.

I learned that everything that is tracked improves, and of course I want to know what can make the biz more efficient (=Your assumption that I was spending 30 hours a week on this first deal is enormously out of proportion!

Most leases have an uninhabitable type clause--if a part of the house is not useable, a proportion of rent is to be forgiven.If they cannot use the entire house (which doesn't sound like it in this case) they will be forgiven the rent for those days. 

He has an interest in piling on landlords because he (proports) to have numerous outstanding leases on a number of rentals that he sublets on Airbnb.

So the reward should be proportionally higher than what a mezzanine or bridge lender gets upon entering the deal further down the line.