Here's the deal:Agreed price: €159,000€1000 Reserve put down and lawyer instructed10% deposit not yet paid (can walk away)70% mortgage pre-approved but not officially offered (€514/m) pre-Corona rental income: €850-950/mBased on no particular expertise but a bit of research I came to think that any dip in the real estate market due to COVID-19 was likely to be V shaped and short-lived.

Hey so I’m officially trying to jump in to real estate investing.

Here is the verbiage of the current NY State  bill:  https://www.nysenate.gov/legislation/bills/2019/s8125and, most offensively,  HERE is the website of a movement to "CANCEL RENTS"   https://www.housingjusticeforall.org/faq-what-to-do-on-april-1Below is the letter we sent to NY state Governor Cuomo. plus MY State Senator, plus the Senator who drafted this bill, and all NYC Housing Depts and officials. 

There is no kitchen or kitchenette to make it an official unit.

Pigeon Forge and Gatlinburg TN, have not enacted an official ban on STRs yet, but they have pleaded with both the public and now the tourism business to stop trying to attract visitors to the area.

When I officially move downstairs, i will rent the 3rd room, and be living completely free and even cash flowing a little.

I spoke with a family member who said they are waiting on the examiners report and will let me know the official cause of death and if it was related to COVID-19 or not.

We don’t see the wisdom and have let our elected officials know they must guard against it.

April 1, 2020Illinois DCEO Says Open Houses are Not Allowed Today, the Illinois Dept of Commerce and Economic Opportunity (DCEO) has added language pertaining to real estate as an essential service to the official DCEO guidance on Essential Businesses and Operations FAQs.

Also, they are used to remote discussions by now.4) Older people still try to isolate - Even less restrictions, but nearly impossible to eliminate cases.  5) Families still avoid travel (places not drivable)- People will avoid vacations that requires air travel or cruise6) Small weddings or funerals- Weddings and funerals are smallerAlthough government officials are trying to give positive tune about quick turn around, but as investors we need to have plan B and even C.