BRRRR is about you and your ability to do the following.Raise / acquire fundsMarket to distressed sellersEstimate rehab costsEstimate the ARV of properties in your target marketManage contractorsHit timelines & manage large projects / employeesIf you can master all of the above the market is going to be irrelevant.

Head off problems when you still have the ability to do something about it versus after the cow has left the barn.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants waived ACH fees and additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants waived ACH fees and additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

I'm essentially asking for the ability to back out for any reason due to the complete uncertainty of the times.  

Don't let social distancing hinder your networking abilities!

  - Funding would be for 3 months to 6 months, with possible extensions TBD and evidence of ongoing effectOWNERS: - documentation = rent rolls and evidence of people who need to leave due to C19 issues- effect on ability to pay mortgage, other expenses or essential income- possibly a credit line to fund rent deferrals: this could be offered to current tenants or possibly to prospective tenants who are otherwise good credit risks. - perhaps owner would assume 5 to 10% of the risk which is better than the cost of having empty unit and also helps out the tenants. 

Fear is narrowing some people's ability to think outside the box. 

NAR also signed a coalition letter(link is external) that would encourage Congress to provide readily accessible, unsecured credit to employers and self-employed individuals of all sizes to ensure they have the cash to pay their workers, rent, and other costs during this crisis:Suspend the filing of business returns and the payment of all business taxes to the federal government for the duration of the pandemic; and amend the Tax Code to, among other items, restore the ability of businesses to carryback any net operating losses against previous year tax payments;Suspend the application of the Section 163(j) limitation on interest expense deductions for tax year 2020 to avoid penalizing businesses for borrowing during this crisis; andSuspend the Section 461(l) loss limitation on pass-through businesses to allow businesses to full deduct any losses they incur this year.Essential Real Estate ServicesNAR is working with state associations, many of whom are reaching out to their Governors to request that certain real estate services be deemed “essential services” during emergency declarations.

Some services also offer you the ability to run your entire rental business online, and allow the tenants the additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).