If you're looking at single tenant NNN, you have to look hard at the financials of the tenant, the guarantees you're actually getting (sometimes it's only from a worthless subsidiary), and consider your exit strategy if the tenant falls through.

The stock market is betting on rise and falls, taking a vacation is not and taking people’s money when things are uncertain is pretty greedy.

Just don't fall in the trap of investing in cheap properties that have amazing ROI on paper.

The question then will be "are we (as buyers) prepared to catch a falling knife?"

If you fall short of reserve funds for the lender, maybe consider a local partner with property management experience or connections.  

If the market continues to fall into a Recession, and rates are no longer an incentive to purchase, then will RE prices dip as well? 

The sky has been falling over the last two weeks.

I think you're setting yourself up for a fall on this property if you go forward.

Perhaps there will be another wave of the virus in the fall, but if you've got adequate protections and a backup plan in place, like that 12-month lease Roni mentioned, and you get some tenants in place between now and the next semester, barring any other issues that might arise in the normal course of business, you'll ride this wave with the rest of the student rental community and along with all other investors in your region.

Then, also nearly every time, that contract falls through when the Buyer wantonly asks for a huge haircut, takes the Seller off-guard and everyone gets mad and cancels.