This reduces the issues that would come up.  

Along with that, reducing rates to almost zero may weaken the impact of future monetary stimulus when the economy actually goes through a period recession.What do you all think? 

This has driven SFR rental demand, increased rents, and reduced vacancy periods. 

Tell them there will need to be a payment plan for the reduced rent.

Maybe try and do better pre-screening and reduce the tire kickers or expand the open house time and reduce how many people are in the house at once.

They will need money for their other bills-though eating out and shopping (except online) will be reduced. 

I have read a lot in European circles (I am originally from Germany) that the EU and many African countries had already begun to reduce ties to the US and remove any dependencies as quickly as they can?

Since you did a big rehab your monthly costs should be reduced and increased as the property get older. 110K rehab you would not need CapEx reserves in the initial years.

Are you still planning on paying 8%....does this mean you will reduce your target payout?

Are you still planning on paying 8%....does this mean you will reduce your target payout?