Self PM would reduce the extent of how negative the cash flow is on this purchase. 

The only difference I'm noticing is that a lot of the larger complexes are offering move-in specials like one month free or first month at a reduced cost of 25%-33% of the normal rate.

I am an agent, so the commission rate as reduced.

I would follow @Rick Pozos advice and be as proactive as possible.

This has increased demand for my renovated C-class 1-beds with relatively high rents, even factoring for the people taking themselves out of the market for now.3) With Ohio being a more proactive state in responding to the health crisis, frankly we haven't felt much of the impact of COVID-19 in Cincinnati (Hamilton County) yet and people aren't taking the quarantine as seriously as people in other parts of the state, much less the country.I'm grateful to be considered an essential business (Realtor/property management), but right now it feels like the vast majority of Cincinnatians are taking every excuse to continue with business-as-usual.

Live in that one for a year or so, still letting the tenant substantially reduce your living expenses.  

At the edge of Chicago Metro.. it couldn't simply be a stale mate.. buyers and seller are just waiting it out For now, it does appear to just be a waiting game. prices have not really been reduced and, im not a realtor, but as an investor, I get sent the listings and they dont seem to be increasing in volume...but how long can a stalemate like that last before it affects values?

Rent is reduced 20% or more?

-I got a letter from her employer on 3/31, saying she is employed but hours have been reduced.  

You don't want to get into a situation where the tenant says the owner agreed to reduce rent or says they have a higher security deposit than the lease says.