For that reason, they’ve put in place alternative ways homeowners can pay back the money owed over an extended period of time.Furthermore, the Mortgage Bankers Association released last week - 'The share of Fannie Mae and Freddie Mac loans in forbearance dropped for the 24th week in a row to 3.35%" Of the cumulative forbearance exits for the period from June 1 through November 15, 2020:30.5% represented borrowers who continued to make their monthly payments during their forbearance period.24.0% resulted in a loan deferral/partial claim.16.8% resulted in reinstatements, in which past-due amounts are paid back when exiting forbearance.12.9% represented borrowers who did not make all of their monthly payments and exited forbearance without a loss mitigation plan in place yet.7.1% resulted in loans paid off through either a refinance or by selling the home.6.8% resulted in a loan modification.The remaining 1.9% resulted in repayment plans, short sales, deed-in-lieus or other reasons.

The sheriff may extend the ban on foreclosures past Jan 12.

Included with the new Stimulus Bill (Heroes Act) is to extend the Eviction Moratorium through 2021.

Management is probably the weakest link that causes inexpensive OOS properties to fail IMO, combined with just not enough room for error with low rents (one bad tenant, expensive turnover, extended vacancy or unexpected Capex issue can devour several years of cash flow and be hard to recover from whereas with higher priced properties fetching higher rents they have enough net to cover expenses over time, allowing some wiggle room when something goes wrong which is inherent with owning rentals).

Get as much time for the hundred as possible 30, 60, 90+ days then make the deal extendable for an additional more substantial deposit for another X number of days.Now here is the reason you will make money.

I lived in Iowa for 25 years and my extended family still lives there. 

Assuming the current restrictions aren't extended, then I or my lawyer get to file in January 2021, along with all the other cases that have been building up for the past few months. 

We had to extend the closing 3 times due to Covid delays and this was frustrating for all of us.Yet like all good things, just keep going until you get to your goal.  

If you think there's something in the future that would negatively affect rentals (i.e. eviction moratorium extended, new rental laws, different President, housing market crash, etc.) then look for deals that can withstand that temporary setback.If you purchase appropriately, rentals should be able to easily handle a downturn.

It's even more ideal if you can find a career with a firm that still offers a pension plan, you'll be able to build your wealth on the side with real estate while enjoying the benefits of extended health, dental, insurance etc..