While this agreement was focused first on Canada, the US, and Mexico, so many trade agreements have realized that "Giant Sucking Sound" Ross Perot warned us about.Not that I am working for a political discussion, but facts are, because of our vast trade agreements, we no longer manufacture or grow so much that once made the US the most productive economy in the world.

Property management is a business to build that needs a large scale properties in order to brek even, and after that, start collecting the revenue.In your case, seems you are almost in break even point:  lets see:1) you have now a hand man that will cover the repair cost in many of the units2) you have a group that could collect application fees3) the same group would potentially reduce brokerage cost (depending on the state of the properties) advertising themselves4) You can expand this business and make it profitable...  

Cash is totally king right now and I personally am not willing to spend cash on a building that will potentially sit dormant for a significant period of time when I might need the cash for my manufacturing business.

Extremely important for scaling your investing.With your license are you using it more to acquire properties for yourself or also act as an agent for others? 

On the opposite end, we have a few listings for large scale multifamily developments that are still seeing interest at close to pre-COVID levels because the development cycle is much longer than a normal buy and hold deal.

And one of its main benefits is that it is lower on the risk scale than something like public market equities.

First thing I would do is contact your lender and get answers from them on how they prepare to deal with property owners with tenants who are defaulting in mass scale because of the Coronavirus.As you may know, the AZ Governor signed an executive order delaying evictions for tenants affected by the Coronavirus.

This increases your loans but lets you scale more quickly.

Just not realistic for 90% of us we’d be dead before we were able to scale to our goals.

There are a lot of people that do what you are talking about with Manufactured homes.