It will reduce the cost tremendously which will lower rents overall. 

I was proactive with my tenants and gave him my playbook to do the same with the one's he manages. 

The loan money from my parents is coming from their relatively small life insurance policies (they have bigger ones) that simply reduce the death benefit by exactly what we still owe, and so my parents don't care if we pay the money back or not.

(The thread CONTINUES for another 2 hours, bringing us to present moment...)Some ways to manage this systemic risk:a) In some states (California being one), contingencies are not released unless you proactively do so.

There is no "we'd like reduced rent, better amenities, etc."

So, if tenants, potential tenants or potentital Airbnb guests haven been laid off or just have seen their wages/hours reduced, I'd expect:a) lower rents (therfore lower ROI, regardless of leverage)b) increased bargaining power for tenenatsc) higher vacancy rates, specially for vacation rentals or mid-term rentals (remember, corporates are already in wartime economics, so sending teams abroad will not be a must)The sales markets is basically frozen.

If I was able to put 3.5% down via FHA loan, and utilize much of the rest of capital for rehab, we could increase equity across perhaps 4-5yrs, reduce monthly expenses and begin to see this start turning profit via appreciation, tax benefits, etc. 

It does seem like there are two prevailing schools of thought on these forums: 1) pro-actively reach out to tenants to start the discussion  2)  keep silent until rent is due and then address any missing rent with tenants directly.My PM for MF buildings has encouraged option 2, and I believe strongly that it's the correct strategy for my situation. 

Between this, the "normal" seasonal increase of home sellers in the summer (which, when combined, may cause a short-term glut), and the reduced number of buyers able to buy due to current economics, I think prices will go down before they go back up.If you want to discuss this further, feel free to Connect and/or DM me.

So now, I have no job, I’m still waiting for these unemployment checks to show up, so zero income, and will likely have zero rental income in the coming month, and already am receiving significantly reduced rental payments.