A lot of people have gotten soft!

“Soft costs” maybe….insurance, utilities, property taxes, lawn maintenance, etc

By the time I add in closing costs, rehab expenses, soft costs (on the out), I'd be losing money.   

They told me that it was only a 'soft inquiry', so it wouldn't matter.

Some sellers will have you get under contract first, others will ask for a soft commitment or proof of funds, and others will only work with you if you have a buyers agent.  

Consider this is a "soft cost" you need to budget for the time you buy a property with tenants in place.

Just trying to determine which caliber weapon you should pick up at Bass Pro and weather or not you need a bullet proof vest.

@Jeffrey Bass there are plenty of property managers around.

Anyways, I am looking for advice and asking those who have more experience and knowledge than myself.The property in question (located in SW Michigan) is quite distressed, missing walls, probable termite damage, damp/soft flooring, and probably many other issues. 

As for rents, I do see a moderate drop too, but I’m not sure if it’s due strictly to corona, or if it’s been soft due to early year seasonality (although things pick up by April, and get hotter in the summer.)