Landlords and evictions

[Nathan Sawyer]

Hello Biggerpockets!

My wife and I just got married a few weeks ago and are getting back into the real estate investing swing! We are looking in the Norfolk, Portsmouth VA area. After analyzing a bunch of deals and combing the market we found 2 that hit our criteria.

Read an article the other day about landlord and evictions cases possibly going to the Supreme Court. Landlords are having a tough time during this pandemic collecting rent and not being able to evict bad, non-paying tenants. There seems to be a possibility of the evictions moratorium extending past June, at least that's what we read for VA.

Both the deals we found say in the description that they have tenants in place and leases are up next year sometime.

My question to the Biggerpockets community is if anyone else is experiencing a hesitation in investing tenant occupied properties with the evictions moratorium in place? This law produces a risk of new investors inheriting non-paying tenants. Current landlords may be selling properties to avoid foreclosure due to tenants having an out to not pay rent due to the moratorium. Curious to hear the community's thoughts!!