That would be a total of almost 5k out of pocket that you would need to recover before you started making a profit...and positive CF.4 - You're assuming you can change the terms to fit your needs when the lease ends. 

We can also offer cash-for-keys to recover possession of a home.For those tenants that claim they can’t pay rent due to a job loss, we are asking them to support their claim by providing the following:A layoff notice or similarTheir unemployment claim statusAny unemployment benefit award(s)Current bank statement to prove no employment-related deposits or unemployment benefit paymentsWe’ve updated our rent collection numbers through May 15, with the results compared to April 15 below:At this time, that is about all we can do.

At the Federal level, Section 4024 of the CARES Act prohibits "legal action to recover possession of the covered dwelling from the tenant for nonpayment of rent or other fees or charges" or the charging of "fees, penalties, or other charges to the tenant related to such nonpayment of rent" on covered properties (which is essentially any property tied in any way to the Federal government: i.e. a mortgage backed by FHA, VA, or sold on the secondary market to Fannie/Freddie, receiving Section 8, etc etc). 

Real Estate is the only investment vehicle in which you can use OPM to recover most, if not all of your initial investment capital and put it back to work. 

Here is what you really have:1 - $60k DP, $576/yr cash flow, 104 years before you recover your DP and start profit.2 - $150k DP, $5,700/yr CF, 26 years before you recover your DP and start profit3 - $210k DP, $9120/yr cf and 23 years before you recover your DP and start profit....the answer is, (cue the drum roll....and cymbals...)Option 4:  None of the above

If you don't need to sell, you're keeping your notes and waiting for the market to recover.

Secondly, I would only pay "cash" using the HELOC if you are pretty sure to be able to recover the funds in 6 months to a year through a refinance.

This combined with the $100k overpayment puts you in a tough spot, especially after you factor in costs.If the numbers work for your situation and you are willing to take the loss then selling no w may be the way to go (how much time will it take to recover the loss by getting into other properties?).

., houses that we were following were gone within a few days.Online-experts suggest the housing market to nose-diving around Aug'20 till the end of the year, and then it is expected to recover.

There's a strong sentiment in the stock market and Real Estate markets now that they will ALWAYS recover, and many investors will hold through any downturn, seeing the recoveries that happened with the previous crashes.To those of you who were in the markets before, were there always this many investors waiting patiently for a crash, or is it a new phenomenon?