@Ruchir Kaul Another thing to consider is that with the foreclosure moratorium included as part of the CARES stimulus Act, foreclosures will dry up for at least another 6 months to a year reducing available inventory.

Show up with a tape measure and a camera, pretend like they are doing something scientific, pontificating unscientific opinions, charging ridiculous fees for said opinions, then going home with no accountability for the disasters that stems from those opinions.

"I feel like the 2008 financial crisis was just a dry run for this,” said Kenneth S.

So loss making start ups were already facing increased scrutiny and funding was drying up.

It's totally possible that they either  (a) buyers/seller are appropriately scared and prices reflect the actual risk or (b) sellers of hotel real estate aren't particularly spooked by coronavirus and, combined with low interest rates + institutional "dry powder."

Yes, those were high end REIT numbers, but they stem down the chain into the more non-institutional syndications. 

If you are relying on HELOCs associated with either property, those may dry up (never happened to me, but can) but beyond that, mortgages don't have calls on them like margin calls on equities.

- If I send a lease renewal, it feels more cut and dry.

These lenders have dried up a lot over the past 2 weeks so be very specific with your needs when approaching them.

So many investors have horror stories related to contractors flaking out, and it typically stems from hiring the cheapest crews possible (this would never be the goal for your CPA, doctor, attorney, etc).