ahd to figure they would want to be pro-active  to get the economy going , but how messed up will their balance sheet be with all the  deferments and forbearance going on now ?

@Joe Villeneuve appreciate your feedback, considering the numbers we’ve provided, reducing repair costs to $5k assuming we can do repairs ourselves) what purchase price would make this a buy and hold deal?

Leverage may be reduced; pricing may increase.

So we finally qualify for a mortgage this year after 2 years of self-employment... we wanted to buy our first property, a 2-4 unit place with FHA this year... but with the whole coronavirus thing, supposedly the market prices are supposed to go down... but I live in a small town, and no one here seems to want to reduce their prices as of yet... prices are pretty expensive here on the west coast.

Instead of being reactionary, be proactive.

We reduced the cash out of pocket tenants need to move in.

I wouldn't reduce it to accommodate their situation as that's not your problem.

The second was cancelled because big $ work was found during the inspection that we couldn't get the price reduced to cover.

Will be porportionally reduced if less people are employed compared to same time in 2019.

I believe that they are waiting for the worst of the crisis to pass and to see markets stabilize before putting their capital at risk, which I think will happen in the next 2-4 months.For anyone who needs to sell because of liquidity concerns, they might have to take a good discount until buyers return to the market as well.This is a unique phenomenon as the economy was in good shape and the crisis was a man-made shutdown to reduce the lethality of the pandemic.