Get a lot of education first and keep your powder dry until you understand how to evaluate opportunities and more importantly; sponsors.

And, yes, there are plenty of PE groups with dry powder waiting to pounce on deals, so I don't think we'll see fire-sale prices.

Go through the costs and pain a mortgage is to lock in the long term low rates, keeping dry powder for another opportunity. 

Account Closed "On the plus side, they are the rare golden windows of opportunity to load up on assets at distressed levels of discount- If you have some dry powder when it comes, you should end up wealthier down the road than if it never happened."

A few months after buying my 4-unit I had one tenant who told me they had bed bugs and although they were proactive (they used the powder and mattress covers) I bought them some spray on Amazon that had good ratings (it was non-toxic as well).I also sprayed the outside hallway, stairs and both vacant upstairs units with a bug killer I bought at Lowe's that supposedly kills bedbugs and other bugs for up to a year. 

We're buy-and-hold investors and have invested in Marietta, Smyrna, Austell (both the good part, 30106, and the not-so-good, 30168), Kennesaw, Mableton, Acworth, and Powder Springs.Let me know if you want to talk to my Money Guy!

(Austell, Mableton, Powder Springs, etc...) 

I agree with @Bassit Saddiqi , but may be do only one 1-2 properties and keep 60K powder dry or payoff HELOC.

I know a lot of folks deal in the low value mid west assets.. so not as much powder needed / risk if you take a loss.

I have dry powder on the sidelines.