Tighten your requirements to qualify for the unit.

I don't think it's a great time for first-time investors to commit to a deal as they will likely panic for months about it causing strain on their pockets and mental and physical health.

Yes a heat pump can go down to 0 degrees and still make heat but the lower the temp the less heat it can grab from outside air and the more strain it puts on the minisplits compressor/motor. 

Nobody knows what an ARV looks like in 3-6 months, and with conventional loans tightening and unemployment rising, your buyer pool is going to shrink.Just be careful out there.

The prices were low so it wasn't a large outlay and the properties are occupied so hopefully they won't be a strain on our budget.

There's already talk about the lending markets tightening down substantially because of the economy.

I'm expecting at least some kind of hit to property values and potentially tightening of credit, but that's always hard to predict.Knowing this audience you'll want some details, but I'm not comfortable giving all the specific numbers, but here are some generals:The 3 properties are 2 SFH and 1 duplex, and cash flow is strong (for now).

Due to current economic conditions some lenders are tightening their lending criteria so it would be helpful for you to know what that criteria is.

There are some lenders tightening down, and things are a little goofed up with lock-downs.

So, I'm not sure lending is drying up, although I'm sure lending standards will tighten and some options might not be as easy to get.