We spent a considerable amount of time and money developing our Lease Agreement, and we're not going to make any changes on behalf of one tenant.

Getting a bank account is the least of your major considerations.

I happen to be renting out a unit in a high rise condo rent is 2,150-a month 2bed 2bath on the 2floor of a 30 floor building classified as A- built in 2001 with good amenities like valet, library, pool, gym, sauna, garage parking.

We had planned to do a 1031 on it (beautiful area, but the HOA keeps rising), but the situation obviously has changed because of the coronavirus.

Stay healthy, stay away from bad people.Some ideas to find the deals:walk/drive neighborhoods, look for neglected propertiesadvertise, newspapers, radio, pass out flyersWrite a nice letter to landlordsWhen housing court starts up again, meet landlords there - chatCall and visit owners of Expired Listings - make offersBuild a relationship with a few Realtors, offer to pay them a fee (3-5% of purchase price for unlisted buildings) for presenting your offers to FSBO's and expired listings (auto pilot investing) The purpose behind this is to open negotiations with sellers, I always offer well below their asking price BUT IN WRITING hand delivered by an agent (you save time, cost of gas and you increase the odds of finding a fat equity deal)Study Real Estate Control techniques; delayed settlement, assignment clauses, all types of options, hybrid or JV with sellers, repair consideration with possession (known as front porch offers) use one of the 21 proposals for seller financing (the best highest leverage financing you can get)My LOCK-DOWN has proven to be profitable, I have time to network and develop clients nationwide to mentor/partner transactions.

I will definitely take everything under consideration and try to make it work.

https://www.parealtors.org/tenant-fraud-rises-amidst-covid-19/?

I am looking at investing in either a turnkey rental or promissory note as an out of state investor (NC) in Illinois. The LLC/Corp is based in Illinois that I will be investing with/in.I want to make sure I fully unde...

However, I am not fully up on the best ways to finance a new property, because I am novice investor and sort of happenstance landlord.One consideration is that Covid could have ramifications for real estate values far beyond what we anticipate now or can foresee.

Of course, in the end, there are other considerations than just pure math.