Yes, it is a real possibility that COVID-19 is not as deadly as once believed, but if the outcomes are tragic and a larger drain on our healthcare and economic systems in general then this remains a public health issue to be solved.The best course of action right now is everyone can write their governor and mayor and request their state/city procure this test and in large numbers (and yes, the test already exists).Regardless of how we open the country, how we function and how we do business will fundamentally change. 

The second thing that has been reinforced during this period is that it is good to have extra cash laying around to be able to procure needs (for example, I'm from a state that is heavier on the restrictions). 

This does two things: 1) Triggers your mortgage company to procure very expensive lender-placed coverage on the property, and 2) Raises a red flag about the title transfer. 

Hey @Andrew Neaville & @Jaey Dallas - If you guys are starting out, instead of only procuring existing notes, you may want to explore the option of originating your own notes.

I’m young-ish (26) and extremely motivated to get started in real estate investing.Throughout the last year or so, I’ve been doing a lot of research, (books, podcasts, YouTube) along with meeting face to face with several enlisted members with real estate experience, all in the name of procuring as much knowledge as possible before diving in head first to our first property.

Margaret,I'm not a lawyer so I can't comment on the legality of procuring a primary loan and using it as an investment property, but I can tell you my family and I did something very similar to good effect.We have owned my current home for five years and needed an upgrade in size.

(finance with 25% down(down payment 20% + 5% closing cost)Year 1 Goal - 4 Unitswe will need $100,000 just for down payments to procure 4 UnitsSo lets breaking down numbers and see if we break even:Assumptions:You have a steady income (job)Price - $100,000 per Unit (various markets)1% rent - $1000 per UnitMisc expenditure = $1000 / yr (vacancy, repairs or anything else)Turnkey PM fee - 8% = 960/yrMortgage(30 yrs) + Insurance   - 5%($429) + $80 + $163  = $672  (monthly payments)Cash flow - $328  ($3,936)$3,936 x 4 Units = $15,744Year 2 Goal - 4 UnitsWe only have capital of $15,744  we are short of $84,256I would request BP community to provide opinions on how to move forward with Year 2 Goals ????

The cabinets and appliances have already been procured ($2,100 & $2,250 each kitchen, respectively).

If you don't agree to the new terms, the original agreement would remain in full force and effect.If there has been a shakeup at the company and your contract was procured by the person or people forming the new PM entity, that would be a reason for them to attempt to pull you over to the new company as a client and get you to agree to make future payments to them. 

This does two things: 1) Triggers your mortgage company to procure very expensive lender-placed coverage on the property, and 2) Raises a red flag about the title transfer.Attorneys will almost always tell you to set up an LLC for liability protection (and they're absolutely correct, if that is your only goal).