I am thankful i switched 4 of 6 (in this locality) to long-term rentals to reduce the workload and they're mostly full.

One of them a professional tenant who we have been trying to get out for almost a year.As the economy begins to be affected by this I anticipate some tenants to have reduced hours/layoffs and will struggle to pay the rents.

This just reduces your cash flow every month...but you're not coming out of pocket...and, the actual costs to the deal is insignificant.Example:  Cost to replace roof = $5000Option #1:  Replace in 5 years, when it starts leaking.Cost to you for roof:  $5000Cost to replace/repair interior damage:  $3000 (floor, paint, etc...)Interest on funds: $1800Total cost out of pocket:  $9800Cash flow for 5 years (before roof repair):  $5k/yr = $25,000Adjusted Cash flow for 5 years (after roof repair): $5k/yr = $15,200Option #2: Replace now, before it starts leaking.Cost to you for roof: included in purchaseCost to replace/repair interior damage: $0 Added O & I to purchase loan:  $24/month; $288/yearTotal cost out of pocket: $0Total cost added to loan over 5 years:  $1440Cash flow for 5 years (before roof repair): $5k/yr = $25,000Adjusted Cash flow for 5 years (after roof repair): $5k/yr = $23,560

Look if the property will bleed at reduced traditional rents.

Its just when you're negotiating a short sale or reducing some of the fees from the foreclosure process paperwork that the banks will not agree to any terms if the seller is getting money.  

Work with one that does great work and then build a relationship to reduce fees.

I told my tenant we are bunkering down and staying indoors to try and reduce the spread of this virus and he should too.

Wealth Effects will Impact Top End of the Market: Some shift in the market is expected as households become less wealthy, which will reduce demand for real estate.

A relative has suggested me to pause showings to reduce my close contact with strangers, and avoid letting them touch things around the house.

You'll come to find though by adding an additional 10k on your purchase (lets just saw 300k @ 4.1%) you only reduce your payment by $60-80!