Can you explain how this is feasible ?

Debt burden and massive losses will push a lot of oil companies into BK in 2020.

I think we will see broader job losses than in 2008.

Good Day BiggerPockets goers,I am at a loss in my situation.

In the situation you described, I'd back out and take the $1000 earnest money loss.

And if you evict them, you understand that the vacancy time will probably be LONG, due to the job losses from this.And most of those seeking new apartments would be the just evicted.So you would be replacing X with X, no difference.President Trump has been in this business for a LONG time--he's a Real Estate guy, and has owned multi-family--Long Term.Hopefully you can work something out with your lenders.

I also had one buyer end up falling though due to a loss of a substantial portion of his self-employed income.

Please feel free to share with me your thoughts on this approach.If reached out by a tenant, I would submit them a letter that per the moratorium, a late payment should be "due to a loss of income or substantional medical expenses, caused by COVID19 pandemic."

Please feel free to share with me your thoughts on this approach.If reached out by a tenant, I would submit them a letter that per the moratorium, a late payment should be "due to a loss of income or substantional medical expenses, caused by COVID19 pandemic."

I’m more concerned with May rent as I believe everyone should have savings for a “rainy day” or sudden job loss.