I also informed him that because this is an act of god/nature and out of our control that I would be waving late fee's.

If the virus won't get under control for more than 3 months, it might get ugly....But different time has different investment strategies, have cash ready, be prepared for anything.  

"Puts you in legal control of a property for a specified period of time without having to actually own the property.

They also have much better control over their labor costs by having crews that they fully employ and control.

Not always the case (so you have to confirm), but typically each unit controls their porch light, etc.I said the oil heat/HW was a deal killer because you'd likely be paying for it as the owner.

Although I have more control over physical real estate, I don't find it actually takes more work.

The cousins are pretty unresponsive with the owner that I'm in contact with, and he wants to get clarity about how much control he actually has over the estate to sell it. 

Purchased from another investor who didn't have time to deal with the narrow margin and keeping tight control of costs to make it work.

The poor area doesn't look like it will be revived anytime soon, West Hartford showed a lot of appreciation except the property taxes are out of control.  

Any thoughts on weather I should try to get control of the property right now or just bank on no one buying it sight on scene for that much money?