Will finding tenants be a problem if I potentially close next mon

[Blake Hendricks]

Hello, first post! I am placing an offer on a 2-family home and my concern during these times is if it will be difficult to find a tenant.

A little background. House listed 400k. I offered 460k and lost. Jersey for you. 2 months later(today), listing agent contacts next 3 best offers. I have 1 offer ahead of me apparently.

Part of the unit I'd rent out is a 3bd/1ba for $2100. Before the pandemic, this amount was reasonable. But now, it may not be the case due to the tremendous amount of layoffs and I would not like to have a vacant unit for x months nor would I like to decrease rent.

Would you take this risk? Risk being you might win on a great house due to the pandemic (other offers getting denied for mortgages) but have trouble finding tenants that make up the majority of the mortgage.

edit: title was too long. month*

[Tim G.]

Yeah it could be, and with protection laws set in place someone could move in and not pay you and you're stuck. If you were ask me, when is the worst possible time to buy a property to rent I'd say, during a global pandemic. 

The first buyer walked, the listing agent is doing their job but the value has changed due to circumstances and its safe to say we don't know yet, how much that value has changed.