If we can get most of the economy open back up by June, stocks will recover in about 3-4 months, and after a brief dip/lull in some higher price real estate markets, the upward trend will resume.But my crystal balls hasn't been working lately, and like all advice, this is worth what you paid for it.

Also stay away from big buildings with NN leases because the rent often generated at low cost per foot doesn't give enough room for adequate saving up of reserves to pay for parking lot or eventual roof layer recovering or total replacement.

The longer the shutdown continues, the more severe the damage to the economy, and the longer it will take to recover.

So many towns up here are still recovering from the infrastructure left behind in the 50's and 60's when manufacturing populations started to decrease.

You will invest more in trying to recover this money than the money, so you will chalk it up to a lesson learned and not do it next time I bet!

Yes, certain industries will get hit hard and will take time to recover.

Try 10%...and eventually lower when you have a volume of properties.To calculate the maximum offer price, you start with your rent, and work your way back from there to the max. monthly payment.Here are your expenses:                                                         Rent:                   $1650Taxes       $183                                                                         TOTAL Exp   -       828Ins              80                                                                         Max Mort Pmt     = $822Mngt         165                                                                      ..... assuming 20% down, 4% over 30 yearsTOTAL    $428                                                                       Max mortgage   =   $172,000 ($821/mo)Min CF   $400  (always pay yourself first, or why bother)     Max offer = $215k - $15k (rehab) = $200k - closing costsTOTAL    $828Cash on cash return calculation:  (Your profit doesn't start until you've recovered all of your costs (cash you put in)Cash in:  $43kCash recovery (CF/yr):  $4800Number of years to profit:  12 years  (way too long)My goal for CoCR is 2 yrs or better. 

Then cab driver dad is recovering from heart surgeries, but can have drivers drive his cab since he has a medallion, but didn't.

Its really going to come down to how long this lasts and how quickly things recover.

I am sure the market will recover at some point (if it doesn't we are all screwed anyway) and I realize for the next 8-24 months, I may not earn quite as much as I would have before this, but anything is better than nothing, and my commitment to investing is for the long-haul and not specifically the immediate return.