I don’t expect that to continue forever, I think the smart business owner will have to adapt to the economy.

Good luck man, poker > RE is a great move, do not hesitate to partner up with someone with residency/income, 50% of something is better than 100% of nothing.You will lose motivation to grind eventually especially if you buy right and get decent income from RE fast, so better be ready to adapt your financial life. ;)

Create a process document that your VAs can easily adapt to and follow.

I will adapt your guidelines for budgeting to help me out on maintenance and capex (new target combined - $250/mo.). 

Doesn't seem like they are adapting to the situation.

Class C is only lagging 5% or so from Class A & B As government money comes in it might carry us through MayThe Bad:Investors could be in trouble if there Deal Sponsor:Did Aggressive Underwriting & AssumptionsDidn’t Account for ReservesPurchased at or above Retail Price and isn’t structured to hold for a long time.Has had Poor Asset & Property ManagementIs not flexible & open to adapting quicklyDefinitely No distributions right now unless the property is driven by an industry that is striving right now.

My recommendation would be to start there and then adapt your plan so it allows flexibility should that segment not fully recover.  

Don't go with the cheapest.Highest rental income = make sure it is fully occupied at all times or as high as possible.better finishes normally equal higher rent but you also want to be smart, figure out what the market is and adapt your property to it.If your property is in a B class neighborhood, get B class finishes.

If you can do it and adapt that. then you successfully changed the hardest part of being financially free.

This enables them to adapt their portfolio to changing market conditions and capitalize on emerging opportunities.Considerations and Rules:Like-Kind Requirement:Replacement properties must be of like-kind, but this term is broad in real estate.