They also further prevented short term rental owners from cutting their losses and expanded their definition of short term rentals to include anything under 6 months (previously is was 30 days).STRs were ordered shut down and are prohibited from renting to locals, staycations, essential employees, health care workers, and intra island renters.

If a questionable tenant is interested in a trouble property, it is no loss to them if it results in an eviction.

Job loss, health problems, broken hvac on your rental... adequate cash can cure it all. 

@Paul M. your CPA could be lukewarm if he knows the losses will get hung up as passive. 

Even if you out 50% down you would still be at a loss.

Which is where we are now.Now the price will go down, and banks won't lend because they don't want to get stuck with the house/buybacks/losses.

., would eliminate rental and mortgage payments on any primary residence for the duration of the national emergency, allowing landlords and lenders to recoup losses by applying to a relief fund, but there are stipulations.Let's look at what the act proposes and how it would work and see how it would affect real estate investors.

Unless this is in a high appreciating area I would sell it ASAP and be prepared to take a loss, as it is just going to continue to burn a hole in your pocket

Renting by the room is a feasible strategy if your property is close to UD.

Educate yourself as much as feasibly possible & begin calling other local investors in your area who are doing the same thing you want to be doing.