The SBA has drastically reduced their requirements for acquiring a small business disaster relief loan.https://www.sba.gov/disaster-assistance/coronavirus-covid-19I know there are a lot of locals here on the Austin forum that make their living in the industry. 

(*Thoughts: Private money seems to be dependent on knowing someone (which I don't), Hard money seems more feasible, VA loan would require the home to be livable (which in turn may reduce much of the potential value add), conventional loan would require less stipulation than the VA loan, and personal credit cards (Not a bad option with 0% balance transfers and commitment to pay down.

So I'm trying to apply the BRRRR method and I came across a speed bump of my DTI. 
I had the lender tell me my DTI was to high. 
So basically the routes I could take is rent out my current home and I guess they give...

I think these types of investments work for three specific scenarios:1) You can buy multiple of them in the same building and use them only for STRs via AirBnb to reduce operating costs and maximize returns.2) Investors whose portfolios already have lots of appreciating properties and they want a luxury lifestyle at a fraction of the cost.3) Seniors on a fixed income with limited resources who plan to carry them through retirement. 

In this new pandemic reality, I've decided not to reduce rents.

@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.

I think it is a very valid point that gas, food, utilities are all not being reduced/discounted.I see that taxes are being postponed, but not reduced. 

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