I want these things paid off sooner, which will over the course of my loan DECREASE my interest expense over the long term. 

(Also note: Future adjustments to payments may occur to allow for "increases or decreases" in property taxes, any additional future assessments, etc.).Hope you found this helpful John (I.e., and can use something similar in California!)

I think you will find that if you have a tenant that has no income a 20% decrease will be meaningless to them..

If lost wages result in increased evictions, rents may decrease.

If we use the past as a barometer here are the facts regarding home price appreciation during the past 5 recessions according to Core Logic. 1980- 6.1% Increase in home prices1981-3.5% Increase in home prices1991- 1.9% decrease in home prices2001- 6.6% increase in home prices2008- 19.7% decrease in home pricesUnlike the other years when we had a recession the 2008 recession was directly related to challenges in the capital market; i.e.

We've already discuss a decrease in rent for the next month to keep them above water. 

In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.

Your mortgage didn't decrease.

I think you will find that our current circumstances has created a very opportunistic time to obtain a better return on your investment by purchasing single family rentals.Overall effect of Coronavirus:Vacation & short term rentals have seen a decrease in demand as fewer people are traveling.Interest rates have hit all time record lows allowing for the best financing terms to lock in 30yr fixed rates that we have Never seen before! 

Yes we would still be cash flow positive with a 10% decrease in rent 3.