They typically sit on the market longer when they're flips, and they rent out slower and for less money when they're a BRRRRs.

Ideally your EMD is sitting with an Escrow.  

BUT with all this going on with the virus I am sitting back waiting , knowing  when things settle down there will be deals to be had .

The apt sits empty, all the other roommates returned home as well but we still have to pay rent until July.

Sit down and discuss it with her.  

There was a lot of smart money sitting and waiting for a pullback in pricing.The main problem that agents are going to have over the next several months, or years, is all of the complainers and naysayers.

•Massive unemployment = selling and foreclosure (eventually, not initially)•Increased supply/declining demand = lower prices/buyers' market•Those with capital reserves will buy at significant discounts for cash•Savvy investors without capital will buy on great terms •Retail priced value add/flip properties will have to sell at smaller margins•The paper market and buy and hold investors will be on hold until the general public can afford to make payments•Capital might be sitting on the sideline for a whileWhat does your crystal ball say I'm missing here?

We got the property for $7,000 so we figured it was a pretty small investment but my question is, if we let it sit for the next 3-5 years without doing any rehab.

With our loan sitting at a lower leverage point, it comes with a substantially lower holding cost while our borrower is able to obtain a loan close to 100% LTP.  

I grown money for my investing this way: I wait until Amazon takes a beating then I thrown any savings I have at that point into the stock. 2 years ago in the fall the stock dipped below $1600 (I bought a lot) then rose up over $2000 (cashed out) Stock dropped again two weeks ago to nearly $1600 I dropped in $17k now it’s sitting over $20k today.