Originally posted by @Jd Martin: The spread on the rent to investment is what makes this work; if rents were to decline by 15-20% it would cause some serious damage to profitability, if it were even still profitable at all.This is the part that would worry me the most - when you put in what I would consider to be 'real' expenses (not the first 3 years after a full rehab numbers) and drop rents to what I would think would be realistic for any one of the recessions that could happen in the next couple of years....all of a sudden you're staring down the barrel of multi-million dollar triplexes that are bleeding money, and likely in a market that could make them tough to exit from at what you expect right now.

Then suddenly he flips the switch and buys 500 million dollars worth.

The city suddenly takes care of the increasing homeless issue and PD issue (I understand homeless people are the ones who need the most help, but letting them take over the city hurt normal residents' safety is not helping.

They suddenly don't feel rich.

rents go down people paying 800 all of a sudden can move to a nicer home.. the 800 rent gets lowered to 600 so its not vacant.. ??

When I get the roommates info her Facebook takes me to her Instagram account and her instagram accounts linked to her onlyfans account which is about when I start to realize she’s an aspiring webcam model which was why they needed the 3rd bedroom to be a closet/studio and the new cameras and the fiancés sudden departure all begins to make sense. 

This post took a sudden, dark turn into many of those narratives, but somehow I found it hilarious instead of depressing.Thanks for putting down your crowbar and taking a break from bashing storefront windows long enough to make my morning, crazy stranger, whoever you were. 

If there isn't a quick rebound in this sudden recession, then in a few months we'll see homes hitting the market, likely at discounts, especially in middle-to-lower class areas where jobless claims hit hardest, nest eggs are smallest, and "emergency funds" are nil to slim.

Right now I’m feeling pretty insecure with only about 2 months in reserves in my business accounts and another 2 month in personal accounts if all rents suddenly stopped.

Also, I will reply to people's posts with the app and it will all of a sudden say "error" and I will lose everything I typed up.