Hotspots are likely to be major hubs and large cities-you have differences in population size, major airports (first point of contact for overseas flights), etc. 

Typically first to fall is SFR properties, then multifamily, then commercial but this virus is different.On the commercial retail side I still have clients buying it is a (flight to quality) meaning most want investment grade tenants now even if  a lower cap rate.

I told my boss I would not be returning, I began taking online Real Estate classes, and just booked my flight/AirBnB for the BiggerPockets Conference.

This will reduce their sense of panic.Between these two options you may have 2 months of cash flow which hopefully will get us to a new normal and you take stock then.Push someone’s “fight or flight” instinct right now and the “flight” is likely to be 3-4 months of no pay.Remind them that a lot of people will be asking for relief and you would like to do your part in this unprecedented event.

Speculative lending right now is drying up some but high quality assets lenders are more bullish on as a (flight to safety) for their loan portfolios.

Taking a look at those $138 flights to Hawaii to help stimulate the economy later in the year. 

That will tell the other side of the story.For cap. rates, I believe there will be competing forces: the flight to stable hard assets and increased uncertainty and stricter loan requirements.

Flights are very expensive too.

I was on the last Midway Air flight.

The saving grace of this home, all the natural woodwork was kept in remarkable condition AND since the home is in the flight path of the airport, 5 years ago Mitchell International came in and replaced all the windows, exterior doors, installed 2 new furnaces, 2 new central air units, basement dehumidifiers, and water heaters.