I do know, as a land investor, that more of us who buy and sell vacant land are avoiding "buildable lots" or "infill" lots because new construction generally decreases in a downturn, and therefore the demand for land which can only be used for a spec home decreases and is hard to sell.  

I believe so, I have pulled equity out of properties (while still allowing for cashflow should rents decrease... conservative is good!)

If you want to invest yourself, you simply have to earn more income and/or decrease your expenses so you can save more.

I know there will be more vacancies, and missed rent, but do you think we'll also see a decrease in rent rates? 

Will this increase the property value of the neighborhood, decrease it, or have a minimum effect?

If none, obviously, you missed the market or the current COVID-19 has affected your ability to rent at that price.Make adjustments either by increasing amenities (for instance, adding a Dish Washer or Laundry) or by decreasing the price.When you do get applicants, you tell them that you are gathering information for now, but not a full application.

It was sold for 208k back 20 years ago, and has actually decreased in price while most houses in this area have double or quadrupled in price since then.

Mortgage applications have dramatically decreased, along with purchases.

Can I negotiate to decrease the price based on work to be done after inspection?

Some Notes on Texas from the latest issue of Texas RECON (Texas Real Estate Center) Newsletter.Far West Texas continued to feel the impact of the oil downtown in March as apartment rents decreased.