Live there for a year or 2 while I update it a bit and then rent it out and cash flow a couple $100 bucks or so a month and take the equity and purchase my 2nd deal.

It might be a good idea to be conscious of that and deal with a few bucks less until this pandemic thing clears up. 

It would be virtually impossible to hide from my tenants that I am the owner unless I dealt with them personally under some kind of assumed name or put all the properties in an LLC.But I introduce myself as the OWNER, my lease identifies me as the LANDLORD, and I conduct myself as if the buck stops with me.

The umbrella policy is a couple hundred bucks, and if you get sued, the insurance company is incentivized to hire a lawyer to protect you and keep them from having to pay out a large settlement.

Say I'll give you $200 bucks for a line by line and a schedule.

I completely understand investors looking to save money and get the biggest bang for your buck.

Sellers (who aren't facing a loan maturity) will settle for anything less than pre-COVID prices, convinced that the market will return to normalcy post-virus.

I think if you’re trying to make a quick buck definitely you need to be worried about short term gain and loss but if you are thinking long-term consider the low interest rates as part of the discount for tomorrow’s lower prices.

I felt like I didn't want to make a couple hundred bucks off of people that I'd inevitably end up disappointing, so not giving them an explanation seemed easy as they weren't in it for anything. 

@John B. 500 bucks is not a lot for a decent tenant.