How long will you have to carry that extra mortgage, based on your language you are not comfortable with it for a prolonged period.2.

Certainly no disrespect taken, I do actually plan to offer my (7) units currently under renovation on the section 8 website as a mitigation strategy for a prolonged recession (which I hope to God we don't have).

What are the actions if we don't reach an agreement to prolong the lease?

Better off taking $900/month on a $1000 unit than potentially taking a prolonged 0 on it.

It seems to me that a very simple answer to this situation, if things are prolonged, is to simply allow landlords to defer mortgage payments, similar to what is already being done for homeowners. 

I don't expect the firesales to happen just yet but folks will get more motivated as this prolongs. 

If the after after shocks of covid create a thing where jobs come back very slowly and business remains slugish and we are in a prolonged reccesion then I think there is only one way for home prices to go.

That is something that I think can cause this to be prolonged longer and putting the economy on a halt for an extended period of time.

The market rent has built into it the associated risk factors including the risk of non-payment due to prolonged job loss.

If its really prolonged then of course its everyone's guess.the latest crop of I want to be a syndicator and doing their first deals I think will be the first to tumble.