It works well because I have a competitive market and a lot of renters are not able to see in person before renting.

There are numerous billion dollar funds, many backed by Wall Street, and the competition is fierce.

With all the uncertainty over the (hopefully) near term pandemic, and the almost certain expectation of a global recession after that, I’m curious of your thoughts and your current plans to loan money.I suppose I could ask the similar question to the flippers out there about purchasing.

Even though I started in the recession and there was lots of inventory and I could take my time, there was still competition on most deals. 

However, I do agree that it has become extremely competitive and harder to find good deals.

Effects will still be felt, especially by those who depend on each paycheck to pay their bills and provide for their families, and that cannot be discounted.Current indicators are that Austin’s housing market remains strong and competitive.

And there may be a global slowdown to cool oil consumption, too;) 

You guys are so doom and gloom, come on man, the fed (that caused all this btw) is going to save EVERYONE, Banks, credit unions, trust and mortgage companies, investment banks, underwriters, brokerage firms, hard money lenders, stock speculators, the airline, auto, restaurant,hotel, bar, retail, casino, and travel industries,money market funds, the repo market, the global fx market, the stock market (direct purchases soon), the bond market, the derivatives market (oop's sorry ronin capital), consumer spending (helicopter money only 3 weeks away), your local bowling league and oh yea, air bnb.Don't worry the largest financial event of our lifetimes, BY FAR, will be over in a jiff and you will be rested and ready to get back to work!

Good 4plex's (good condition, location & competitive rents)  in Anchorage are usually 450k & up.

But, I currently don't have many rentals because of the competition in the market the last few years.