Savers are being punished and spenders rewarded. 

"Rich people analyze reward.

Originally posted by @Joe Seegers:you guys have to realize you should work with tenants,because if this last along time like 2008 ,you will realize what i mean.sure everyone should be able pay their rent with their stimulas checks.sure you might have to workout payment plans to they get them.but after that it might get rough ,if the goverment does not get people back to work.what choice to you have,a tenant you know,or a complete stranger without a job.alot of you where not around in 2000 and 2008.this market could get real bad.like now if you advertise a place you get a good responce to look at it.in 2008 you would advertise and hardly anybody would respond and if they did they wanted 1 or 2 months free rent.i would prefer to work with tenants now,and i can already  know which tenants its going to be.it will be the 10% of tenants you always have to remind to pay.90% of your tenants will find a way to pay.we  all know they signed a contract to pay,just be nice if they work with you,maybe stop late fees or reduce them.but to forgive the rent is another story,unless the goverment forgives our taxes.you got to realize now you should be in survival mold,for i can tell you if you make it threw their should be sunshine at the other end.because most new building is coming to a halt,most remodeling coming to halt ,most family being home more ,which maybe creates larger family,and when this done most banks will have even more tougher standards for a loan ,like 6 months reserve for a borrower.so down the road rents will rise probably more then before this crisis.so just hang in their and develop a plan you your situation.so look as this as a bump in the road.and if you live in wisconsin ,you should know by the amount of potholes we haveYUP you tend to have those posting who lived and worked through the GFC in a meaningful way.. and those that are post and this is just something they have no experience with and really dont know what is going to happen.. real estate is risk reward.. its not guaranteed income 

If his agent or him are ok with that or see that as possible then I’d say there is major risk with low reward or a high negative

Purchase price: $150,000 Cash invested: $10,000 Doll House in Charming Historic District What made you interested in investing in this type of deal?

I hope you will find it to be as interesting, challenging, and rewarding as I have. 

For most Landlords, it's opening the door to additional problems, rewarding the tenant for bad behavior, and encouraging them to misbehave again for the next Landlord. 

@Mary Mitchell I assumed his tenant was requesting to pay via credit card because people want benefits from their card’s reward program but they don’t realize the charge back process doesn’t make it worth it.

We just decided in the end the risk vs reward wasn't worth it.

I've been a hardcore follower of Dave Ramsey and have done his Debt Snowball in the past and it was very rewarding.