Our STRs are in Michigan, which is also a drive-to market and our bookings recovered significantly once the rental restrictions were lifted due to Covid-19. 

There was a 20% dip in revenue initially but that has recovered immediately.

You can recover from investors once the deal closes.

Restaurants businesses are taking a hit now, I'm sure it will recover, but not sure how long it is going to take.

And Airbnb will take a while to recover once this is all over.

Typically I am able to recover my rehab cost out of the deal and maybe another 5-10% more with the current market. 

After the last crash, it took ten years just to recover the losses.

This time, let me try to give you an answer without the "clouds" in the way.The bottom line is this...math. 1 - If you put $150k cash into a $150k property, and the property has positive CF, that property costs you $150k.2 - If you put $150k cash into a $150k property, and the property has negative CF, that property costs you $150k...plus, all the negative CF...and is a bad deal.3 - If you put $30k cash into a $150k property, and the property has positive CF, that property costs you $30k.4 - If you put $30k cash into a $150k property, and the property has negative CF, that property costs you $30k...plus, all the negative CF...and is a bad deal....but,...5 - If you put $150k into a property that only gets $1000/m in CF ($12k.yr), it will take you 12.5 years to recover your cost ($150k). 

The goal of the CF is to recover your cost as fast as you can, so the smaller the cash you put in, the faster you should recover your cost and start to profit.5 - Now, here's the most important (yes, even more important than the above), don't start looking for properties and then figure out how you are going to pay for it. 

just need to make sure you are ready and that your underwriting is conservative enough to support the market not recovering in the next 2-3 years (no idea if it will, but no real good indicators of a quick recovery).Just my .02