I am new to this so please be patient thanks in advance

Patiently waiting for an opportunity.

It is not easy to find a property where everything aligns, but if you are patient and keep at it, you will find it.

So stay patient and develop and keep your lender relationships warm.We bought a 2/1 rental house off of 22nd and Pacific right by Malara's about a month ago off of the MLS. 

First, be patient right now in this ever changing environment and keep and eye open for opportunity, understanding that you may have to pivot your strategy to capitalize on what that looks like. 

So now you're bottom line has immediately decreased by 20% (because you were not patient enough to see how things play out) on the year on top of the tenants who are not going to pay you anyway, and on-top of the annual operating expense increases. 

Be patient. 

Also be patient and wait, as there could be some distressed sellers in the near future.

Don't bet your investment based on hope things will quickly turn around.From friends in China who do have large STR holdings, they do following:1) Convert some to long term rentals2) Work with local governments/hospitals to use for isolation units for front line workers, patients who needs isolation, government funded shelters (domestic abuse, etc.)- Generally there is large rise in divorce and domestic abuse cases now3) SELL if possibleThey also found that STRs in large cities are doing extremely poorly, while those near drivable vacation places seems to be back near normal.

Unfortunately there are a MASSIVE amount of airbnbs in Rochester to service elective patients, and Mayo has taken all elective care off of their schedule for quite some time.