@Greg Gangle, while I agree that getting some actual operations under your belt is important, I am not feeling the same optimism for great deals as I did in 2008/09. 

The optimal would be to deduct the entire cost of removing the blockage and repairing the damage from the sale price.

The optimal time to raise capital and the optimal time to deploy capital are often at odds with one another.

Is this an opportune time to seek out partnerships that are optimal for the moment.Or even better, how can you use generosity for those who need it most during these unprecedented times to create a lasting and meaningful relationship?

It sounds like now may not be the optimal time for you to purchase, but I would keep an eye on the market, on the unit types you're interested in in the meantime and prepare yourself over the next year or so to be able to jump on a deal that makes sense. 

There are some strategies that you can use to optimize your tax liability like the 121 exclusion and depreciation.

I would move forward with cautious optimism and be ready to help people out of really bad situations. 

Hi @Jim Cousino and @Greg Scott, I'm also thinking about optimizing my financing strategy for the current environment, and wanted to ask a clarifying question here: when you say "put the $90k into your HELOC to pay it down", do you mean that you have already taken a draw from the HELOC and want to pay it back? 

I’ve created systems, structures, and lots of documents to optimize my BRRRR process.

Computations and models should be prepared to simulate taxable income projections for 2020 and it is important to maintain tax bracket optimization when doing a conversion.