I wouldn't say Florida is a very healthy state to be in right now.

I love IO products, I maximize loan leverage, I buy in high cost locations, and I also maintain healthy reserves - they are not mutually exclusive. 

If you buy a good building and have a solid business plan to get to healthy cash flow then yes it MIGHT be ok to take on negative cash flow for a while. 

The study suggests that chocolate helps keep the heart’s blood vessels healthy.

(It certainly limits the buyer pool if there's a tenant in place) I've seen investors buy turnkey rental properties, and then turn around and sell them at a healthy profit to an owner-occupant a few years down the road; check the comps to see if selling to an owner occupant could provide a realistic exit strategy.

It's definitely not Austin, Denver, or Boise but it does have a healthy/steady amount of business and industry.

I always tell people not to become a landlord unless you are fully prepared for the pitfalls that are part and parcel of the job.However, this pandemic is a black swan event and is discluded from the regular inherent risks.Your post assumes that all landlords have a healthy portfolio of investment properties with years worth of reserves.

You cant keep giving outragous raises to people that make products that still cost 99 cents. especially in a time period when healthy food and exercise lablel the twinky as "Taboo".

What I noticed is when we set heat to on thermostat downstairs the ceramic ignitor will glow red.

My assumption (and that's all it should be taken as) is that you as the landlord are responsible for actually removing the water from the basement and furthermore getting the property back into a healthy state or habitability.