It would be a temporary imbalance of supply and demand and if that's the case I would guess in a month or two your competition on REO's would dramatically decrease.

I live and invest in Paso and am a broker with Oak Shores.

Data from CoStar/Apartments.com shows that there was a temporary 30 to 45 day decrease in asking rents when the pandemic first hit which soon reversed in May 2020.

But also Belmont shores and Alamitos heights.

I also travel a lot, so sometimes I rent out the in-law suite to traveling nurses or folks relocating who need a temporary place to stay. 

Had 2 problem (temporary) cash-flowing SFR's on great long term debt where agent, parents and friends were telling me to sell. 

Ocean Shores, WA.Westport Wa.Long Beach WA.Seaside, OR.Cannon Beach, OR.Oceanside OR.and Lincoln City Oregon.We have visited all of these towns personally and often take road trips on the weekends.

We're seeing good returns in Gulf Shores, Alabama.

We are primarily interested in Northern/Eastern South Shore or Eastern Woodlawn. 

Our locks allow us to remotely add a pin for a new resident, make temporary pins for handymen/contractors, etc.We looked for any lock that uses the "TTlock" app on Amazon.